Squads raises $18M to expand stablecoin platform Altitude

Squads, a Solana-based multisig protocol, has raised $18 million in new funding to expand its stablecoin platform, Altitude, The Block reported. The round was led by Solana Ventures, with participation from Coinbase Ventures, Hon Ventures, and L1D. The new round brings the company's total funding to $42.9 million.