Coinbase is teaming up with Squads to bolster the adoption of the USDC stablecoin on the Solana blockchain. Squads, a decentralized finance layer on Solana (SOL), announced the strategic partnership with Coinbase on Aug. 13, noting the collaboration aims at…Coinbase is teaming up with Squads to bolster the adoption of the USDC stablecoin on the Solana blockchain. Squads, a decentralized finance layer on Solana (SOL), announced the strategic partnership with Coinbase on Aug. 13, noting the collaboration aims at…

Coinbase partners with Squads to accelerate USDC adoption on Solana

2025/08/14 02:02
2 min read

Coinbase is teaming up with Squads to bolster the adoption of the USDC stablecoin on the Solana blockchain.

Summary
  • Coinbase and Squads have joined forces to boost USDC adoption on Solana.
  • The initiative builds on Squads’ securing of over $1 million in USDC across its product suite.
  • Coinbase announced the relaunch of its Stablecoin Bootstrap Fund aimed at bolstering DeFi liquidity with stablecoins.

Squads, a decentralized finance layer on Solana (SOL), announced the strategic partnership with Coinbase on Aug. 13, noting the collaboration aims at expanding the adoption of USDC (USDC) on the Solana blockchain.

The partnership with Squads comes amid multiple stablecoin adoption milestones targeted at USDC on Solana. U.S.-based Coinbase is among the major players to make top moves in recent days. 

Notably, the crypto exchange has relaunched its Stablecoin Bootstrap Fund, an initiative aimed at advancing the use of stablecoins across decentralized finance. Key to the program is the adoption of USDC on DeFi protocols like Aave, Jupiter, Morpho and Kamino.

Squads and Coinbase want to boost this adoption further with integration within its infrastructure, products and application programming interfaces. The two platforms will tap into the existing traction that has over $1 billion in USDC, or about 15% of supply on Solana, secured across Squads’ products. 

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.

Market Opportunity
Solana Logo
Solana Price(SOL)
$85,52
$85,52$85,52
+%1,36
USD
Solana (SOL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Cashing In On University Patents Means Giving Up On Our Innovation Future

Cashing In On University Patents Means Giving Up On Our Innovation Future

The post Cashing In On University Patents Means Giving Up On Our Innovation Future appeared on BitcoinEthereumNews.com. “It’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress,” writes Pipes. Getty Images Washington is addicted to taxing success. Now, Commerce Secretary Howard Lutnick is floating a plan to skim half the patent earnings from inventions developed at universities with federal funding. It’s being sold as a way to shore up programs like Social Security. In reality, it’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress. Yes, taxpayer dollars support early-stage research. But the real payoff comes later—in the jobs created, cures discovered, and industries launched when universities and private industry turn those discoveries into real products. By comparison, the sums at stake in patent licensing are trivial. Universities collectively earn only about $3.6 billion annually in patent income—less than the federal government spends on Social Security in a single day. Even confiscating half would barely register against a $6 trillion federal budget. And yet the damage from such a policy would be anything but trivial. The true return on taxpayer investment isn’t in licensing checks sent to Washington, but in the downstream economic activity that federally supported research unleashes. Thanks to the bipartisan Bayh-Dole Act of 1980, universities and private industry have powerful incentives to translate early-stage discoveries into real-world products. Before Bayh-Dole, the government hoarded patents from federally funded research, and fewer than 5% were ever licensed. Once universities could own and license their own inventions, innovation exploded. The result has been one of the best returns on investment in government history. Since 1996, university research has added nearly $2 trillion to U.S. industrial output, supported 6.5 million jobs, and launched more than 19,000 startups. Those companies pay…
Share
BitcoinEthereumNews2025/09/18 03:26
Spur Protocol Daily Quiz 21 February 2026: Claim Free Tokens and Boost Your Crypto Wallet

Spur Protocol Daily Quiz 21 February 2026: Claim Free Tokens and Boost Your Crypto Wallet

Spur Protocol Daily Quiz February 21 2026: Today’s Correct Answer and How to Earn Free In-App Tokens The Spur Protocol Daily Quiz for February 21, 2026, is
Share
Hokanews2026/02/21 17:10
Alex Acosta Tells Congress He Has No ‘Remorse’ For Jeffrey Epstein ‘Sweetheart Deal,’ Lawmaker Says

Alex Acosta Tells Congress He Has No ‘Remorse’ For Jeffrey Epstein ‘Sweetheart Deal,’ Lawmaker Says

The post Alex Acosta Tells Congress He Has No ‘Remorse’ For Jeffrey Epstein ‘Sweetheart Deal,’ Lawmaker Says appeared on BitcoinEthereumNews.com. Topline A central figure in the Jeffrey Epstein sexual abuse saga—former prosecutor Alex Acosta, who granted in 2007 the former financier what’s been widely blasted as a “sweetheart deal” for his alleged crimes—has no regrets about the agreement, a Democratic lawmaker told CNN on Friday, as the former Trump official faces questioning from the House Oversight Committee. Alex Acosta, center, arrives for a House Oversight Committee deposition about Jeffrey Epstein on September 19 in Washington D.C. CQ-Roll Call, Inc via Getty Images Key Facts This story is breaking and will be updated. Source: https://www.forbes.com/sites/alisondurkee/2025/09/19/prosecutor-acosta-who-gave-epstein-sweetheart-deal-testifies-he-no-remorse-lawmaker-says/
Share
BitcoinEthereumNews2025/09/20 06:37