USDC Adoption on Solana Enters Hyperdrive With Coinbase and Squads Alliance
Main Idea
Coinbase and Squads have partnered to make USDC the default stablecoin across Squads' products on Solana, aiming to accelerate USDC adoption in the Solana ecosystem.
Key Points
1. Coinbase and Squads announced a strategic agreement to expand USDC adoption within the Solana network.
2. USDC will become the standard stablecoin across Squads' platform, including products like Altitude, Fuse, and Grid.
3. Squads reported over $1 billion in USDC secured across its products, representing nearly 15% of total USDC supply on Solana.
4. The partnership aims to showcase USDC's utility in the broader onchain economy and reinforce its role as the leading stablecoin in DeFi.
5. Supporters highlight USDC's dollar reserves, deep liquidity, and rigorous regulatory oversight as key advantages.
Description
Coinbase is driving a major leap in USDC adoption on Solana, locking it as the default stablecoin across Squads’ core products, powering next-gen decentralized finance. Coinbase Just Hit the Gas on USDC Adoption Across Solana’s Core Layers Crypto exchange Coinbase (Nasdaq: COIN) and onchain infrastructure provider Squads announced on Aug. 13 a strategic agreement aimed
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