USDC Expansion on Solana Surges Through Coinbase–Squads Collaboration
Coinbase and onchain infrastructure provider Squads have partnered to make USDC the default stablecoin across Squads’ products on the Solana network, aiming to accelerate adoption in both DeFi and traditional finance.
Squads already secures over $1 billion in USDC—about 15% of Solana’s supply—and cites the stablecoin’s audited reserves, liquidity, and regulatory oversight as key advantages. The integration spans Squads’ Altitude business accounts, Fuse consumer finance app, and Grid API for fintech platforms, enhancing programmable transfers, recovery options, and policy controls while reinforcing USDC’s position as a leading stablecoin in the onchain economy.
Clever Robot News Desk 14th August 2025
