We're excited to announce a strategic partnership with Coinbase to accelerate USDC's expansion and advance our shared mission of stablecoin-powered finance.

This partnership builds on an existing foundation with over $1 billion in USDC secured across our products — nearly 15% of total USDC supply on Solana. This deepens that commitment, making USDC the default stablecoin across our product suite. We believe USDC is the premier stablecoin for our products because of its fully audited U.S. dollar reserves, deep liquidity, and rigorous regulatory oversight.

"Squads is driving onchain stablecoin adoption across the Solana ecosystem. We’re excited to support them as they deeply integrate USDC across their product suite to unlock further value for their customers," said Shan Aggarwal, Chief Business Officer at Coinbase. "Our partnership with Squads reinforces the role of USDC as the leading stablecoin in DeFi, and will play a pivotal part in showcasing its utility in the broader onchain economy."

We began this journey in 2021 by building programmable self-custody infrastructure to secure onchain programs, tokens and validator keys. Since then, Squads Multisig has become the leading treasury standard on Solana, securing over $10 billion in value, moving over $5 billion in stablecoins and supporting more than 400 teams.

As early adopters, we’ve seen stablecoins evolve from a niche experiment into the foundational primitive that will power tomorrow's financial system. 

This evolution has accelerated over the past 18 months, with stablecoins becoming our primary growth vector, fueled by business adoption, institutional demand, and regulatory clarity with the GENIUS Act. Smart account features — such as programmable payments, built-in account recovery, and policy-based controls — naturally align with and enable advanced stablecoin workflows.

We have integrated USDC across our products to create the best possible experience for our customers. It powers Altitude, our USD business account for saving, earning, and moving dollars. It fuels Fuse, our personal finance app with a built-in Visa card for spending USDC anywhere. It underpins Grid, our API for embedding stablecoin accounts into any fintech app. As we think about the future of the Squads platform, USDC will play a key role across our products and services.

This partnership with Coinbase lays the foundation, not the finish line. We are thrilled to collaborate with Coinbase to accelerate the growth of USDC on the Squads platform and further its impact across the broader Solana ecosystem.

Stablecoin adoption depends on the tools that enable individuals and businesses to use them. Our mission is to build the infrastructure, products and APIs to power this future — not only for crypto-native teams, but for businesses and builders who will define stablecoins’ next chapter. 

The next era of finance isn't coming — it's already here, running on stablecoin rails.