Coinbase partners with Squads Protocol on Solana
USDC becomes default stablecoin across all Squads products
Boosts USDC adoption and Solana ecosystem development
USDC Takes Center Stage on Solana
In a major move to drive stablecoin adoption, Coinbase has partnered with Squads Protocol to make USDC the default stablecoin for all products built on the Solana blockchain. This strategic collaboration aims to bring greater consistency, usability, and trust to stablecoin payments within the growing Solana ecosystem.
Squads Protocol, a Solana-native infrastructure platform focused on multisig wallet management for developers and DAOs, confirmed the partnership earlier this week. With this integration, all of its tools—such as Squads, Fuse, and Vault—will now use USDC as the primary stablecoin for treasury management and transactions.
Why It Matters for Solana and USDC
The partnership not only promotes the use of USDC on Solana but also aligns with Coinbase’s broader strategy to support stablecoin utility in DeFi and web3. USDC, issued by Circle, is one of the most regulated and widely accepted stablecoins in the industry, and its default usage in Squads products reinforces its reliability.
Coinbase’s involvement adds significant credibility, given its growing influence in the DeFi infrastructure space. The integration with Squads means that developers, protocols, and DAOs on Solana can now depend on a stable, transparent asset—USDC—for day-to-day operations.
This move is expected to enhance financial stability and reduce friction across the Solana DeFi ecosystem, while also encouraging developers to adopt a unified standard for stablecoin use.
LATEST: Coinbase teams up with Squads Protocol to make $USDC the default stablecoin across all products on Solana. pic.twitter.com/w50GPay8c3
— Cointelegraph (@Cointelegraph) August 13, 2025
A Boost for Web3 Treasury Management
By backing this integration, Coinbase is not only promoting USDC but also investing in the future of Web3 financial infrastructure. As more developers and organizations rely on Squads for treasury management, having a reliable and widely-used stablecoin like USDC helps simplify operations and improve transparency.
This collaboration also reflects a growing trend of consolidating stablecoin usage to reduce risk and fragmentation across DeFi applications.
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The post Coinbase Backs USDC as Default Stablecoin on Solana appeared first on CoinoMedia.
