Solana-backed Squads raise $18M for stablecoin payments; SOL still dey hold

Squads wey Solana back don raise $18M strategic round wey Solana Ventures lead to scale Altitude, dia stablecoin payments platform for corporate treasury and cross-border transfers. This funding don make Squads total reach $42.9M, with investors like Coinbase Ventures, Haun, Electric Capital, Placeholder, Jump Crypto and others. Altitude make businesses fit hold stablecoins, route payments through many fiat and payment providers, and support operations for 150+ countries. E also dey automate compliance after one identity check, including sanctions screening, AML monitoring, transaction surveillance, and KYB. Squads talk say Altitude don process more than $200M in payments since e launch for Q4 2025, serving businesses across 50+ countries. For security, Altitude dey run on Solana programmable smart accounts with passkey recovery plus extra email-based keys (Privy, Turnkey); admins fit require Ledger or YubiKey for bigger transfers. For traders, SOL dey around $83.15 with tight price action and low activity, despite the stablecoin payments funding momentum. The key near-term levels dem mention na $82–$85 support; if e break lower e fit push SOL toward $78–$80, while stronger upside likely need reclaim above $90.