Squads announces strategic partnership with Coinbase to accelerate USDC adoption

Squads, the multi-signature protocol for the Solana ecosystem, announced a strategic partnership with Coinbase to accelerate the adoption of USDC and its mission to drive stablecoin-driven finance. Squads has locked over $1 billion in USDC in its products, representing nearly 15% of Solana's total supply. This partnership further strengthens USDC as the default stablecoin for its product suite. Previously, Squads, the multi-signature protocol for the Solana ecosystem, secured $10 million in Series A funding led by Electric Capital.