Coinbase & Squads Turbocharge USDC Dominance on Solana—Here’s Why It Matters

Solana just got a major boost for institutional stablecoin flows—and TradFi won’t like it.

The Partnership Play

Coinbase’s hookup with multisig protocol Squads isn’t just another integration. It’s a direct pipeline for USDC liquidity onto Solana’s blazing-fast rails, bypassing Ethereum’s gas-gouging bottlenecks.

Why Solana?

With sub-penny transaction costs and settlement times measured in milliseconds, the chain’s becoming a no-brainer for high-volume stablecoin action. Meanwhile, legacy finance still charges $25 wire fees like it’s 1998.

The Bottom Line

This isn’t about tech—it’s about territory. Every USDC transaction migrating to Solana chips away at banking’s stranglehold on payments. The suits won’t notice… until their revenue ‘unexpectedly’ misses projections.

USDC-powered products

Growth for Squads includes the launch of its programmable self-custody infrastructure in 2021, unveiling of Squads Multisig and securing more than $10 billion in value.

The protocol has also moved over $5 billion in stablecoins. Stablecoins such as USDC have been Squads’ main growth vector over the past 18 months, buoyed by overall institutional interest and regulatory developments.

The protocol’s suite of products currently powered by USDC include the U.S. dollar savings business account Altitude; personal finance app Fuse; and stablecoin-powered API Grid.