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The Solana multi-signature protocol Squads locks 1 billion USDC, accounting for 15% of the total supply in the ecosystem.
[Coin World] The Solana ecosystem's multisignature protocol Squads has announced a strategic partnership with a certain trading platform to accelerate the adoption of USDC and advance its stablecoin-driven financial mission. Squads has locked over 1 billion USD in USDC within its products, accounting for nearly 15% of the total supply of Solana. This partnership further solidifies USDC's position as the default stablecoin in its product suite. Earlier news reported that the Solana ecosystem's multisignature protocol Squads completed a Series A funding round of 10 million USD, led by Electric Capital.