There is another major financing landing on Solana Chain. Squads announced today the completion of a $18 million strategic funding round, led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others. The cumulative financing amount has reached 42.9 million US dollars. The direction of the new funds is very clear - to expand its stablecoin financial platform Altitude. Altitude was launched in December last year, positioned as an enterprise level stablecoin payment and fund management platform. The most crucial differentiation lies in the self custody model: enterprise funds are held directly in the form of stablecoins, without entering traditional partial reserve bank accounts. This design hits the most sensitive requirement currently—— The traditional banking system is not friendly to cryptocurrency enterprises, with high cross-border payment costs, low efficiency, and complex compliance thresholds. And Altitude packages the compliance layer (sanction screening, AML, transaction monitoring, KYB) and payment layer (integrating with service providers such as MoonPay), so that enterprises can use them immediately. The data is already speaking—— In less than 5 months since its launch, the payment processing scale has exceeded 200 million US dollars. Customers include exporters, cross-border remote teams, crypto native enterprises, and global agencies. Returning to the judgment in the a16z stablecoin report: stablecoins are transforming from "holding assets" to "high-frequency payment media", with C2B transactions growing by 128% year-on-year. Altitude is stepping on this line. Squads started by doing long contracts, but now they have turned to providing stable currency treasury for enterprises. This transformation direction is obviously the right one. The next generation of 'crypto banks' will not look like banks, but more likely to look like Altitude.