Why USDC is the New Black: Coinbase and Squads Team Up for Crypto Glory!

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Well, hold onto your wallets, folks! It seems that USDC usage on Solana is about to take off like a rocket powered by sheer desperation and a sprinkle of financial wizardry. Coinbase and Squads Protocol have decided to join forces, and no, they’re not forming a superhero duo-though that would be entertaining. Instead, they’ve made USDC the default stablecoin across Squads’ entire product suite. Because who doesn’t want their financial transactions to feel like a cozy blanket on a cold winter night? 🥶

According to the announcement, this initiative is all about making stablecoin transactions in the Solana ecosystem faster, cheaper, and more secure. It’s like they’re trying to convince us that finance can be fun. Spoiler alert: it can’t. But hey, at least they’re trying to improve liquidity, which sounds fancy and important, right? 💧

USDC adoption on @solana is about to accelerate.

We’ve partnered with @SquadsProtocol to make USDC the default stablecoin across their entire product suite.

– Coinbase 🛡️ (@coinbase) August 13, 2025

Now, let’s talk numbers. The partnership is built on a staggering $1 billion in USDC that Squads has already locked away, which is nearly 15 percent of the total USDC supply on Solana. That’s a lot of zeroes! If only I could lock away my student loans like that. 😩

Strengthening Stablecoin Utility

Since 2021, Squads has been busy developing programmable self-custody infrastructure. Sounds impressive, right? It’s like they’re building a digital Fort Knox for on-chain programs, tokens, and validator keys. Their flagship product, Squads Multisig, now secures over $10 billion in assets. That’s more than I’ll ever see in my lifetime, and I’m not bitter about it at all. 🙄

More than 400 teams are using it for treasury management. Coinbase’s Chief Business Officer, Shan Aggarwal, said, “Our partnership with Squads reinforces the role of USDC as the leading stablecoin in DeFi.” Which is great, but I’m still waiting for someone to reinforce my role as the leading procrastinator in my own life.

But wait, there’s more! Squads is integrating USDC into Altitude, a business account for savings and transfers, and Fuse, a personal finance app with a Visa card. Because nothing says “I’m responsible” like using a credit card to buy avocado toast. 🥑

Rising Adoption Backed by Regulation

In the last 18 months, stablecoins have been growing faster than my collection of unpaid bills, thanks to a friendly regulatory environment and the GENIUS Act. With USDC, digital banking is getting smarter, offering features like accounts that can make automatic payments and follow custom spending rules. If only it could also remind me to stop buying unnecessary gadgets. 📱

And just when you thought it couldn’t get any better, Thumzup Media Corporation has expanded its relationship with Coinbase. Through Coinbase Prime, they’ll access institutional-grade trading, financing, and NYDFS-qualified custody for their crypto accumulation strategy. Meanwhile, Coinbase Global (COIN) is trading at $325.03, up $2.41 or 0.75%. So, if you’re looking for a sign to invest, this might be it-or it might just be a sign to keep your money under your mattress. 🛏️

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2025-08-13 23:48