big one. we teamed up with Matera and @solana to bring X9.150 into business payments X9.150 is the first US national standard for QR payments, built by 70+ orgs, and the biggest US banks are lining up behind it we're putting it to work in @altitude bill pay: signed recipient details on the invoice, verified through the X9.150 standard, settled in usdc on solana with the invoice that marks itself paid on the recipient's end catch live demo at money20/20 this week

we just bumped @altitude earn to 3.5% APY the altitude earn setup is what we wished we had at squads all these years: — backed 1:1 by short-term U.S. Treasuries custodied at BlackRock — no minimums, no lockups, T+1 liquidity — fund it with stablecoins or fiat — powered by stablecoins and formally verified code running on the fast chain — available in 100+ countries businesses can open an Altitude account today, complete verification and move funds into Earn rewards accrue daily and are paid monthly. withdraw back to your main account at T+1 when it's time to deploy capital built for onchain teams managing stablecoin treasuries and global businesses that want to earn on their dollars

our new @altitude page for onchain teams has dropped so here is my pitch: - free on/off ramps for your treasury. fund onchain, pay out via ACH, domestic wire, SEPA or SWIFT - move stablecoins across 7 chains - corporate cards, banking rails, AP/AR and stablecoins in one place, less tools beats more tools - multiple entities under one login - your labs, foundation, opco entities are all welcome, we onboard companies from 150 countries - we make your accountant happy. one ledger, one audit trail and direct ERP sync for both fiat and stablecoin transactions so they spend less time deciphering the explorers - we get crypto and lived through the debanking era, our KYB is far from perfect (let us cook), but we'll be in the compliance trenches with you and will onboard your entities asap - all governed by squads smart accounts under the hood - formally verified, in production for over 5 years, securing billions in assets and facilitating billions in stablecoin transfers every month we are as onchain as it gets and we built altitude addressing all the pains we encountered in the years of running a business on stablecoins. tell me what we're missing and we'll ship. link to new page below

Kind reminder that we didn't win anything at the solana season hackathon in 2021 and now our protocol moves $20B+ in annualized stablecoin transfer volume, while our global business account competes with the worlds largest fintechs. You can just do things on the fast chain.

We talk a lot about the stablecoin sandwich. Not enough about the stablecoin burrito. Chipotle transactions settled on @altitude cards are growing 2x MoM, funded from stablecoin balances. Chipotle has no idea. @raincards good tech

It's truly impressive how much infrastructure you inherit when building on the traditional fintech stack. A good BaaS API will give you accounts, ledgering, statement generation, card issuance, reconciliation, money movement, accounting integrations and even tax documents. A stablecoin native architecture built around programmable accounts does not yet give you the same finished operating layer so today you end up rebuilding many of those primitives yourself. In the short term that is definitely a disadvantage. You have to chew more glass just to reach the baseline that trad fintech gets out of the box. But it compounds and will become an advantage over time (if you can ship and assume that the legacy stack is the legacy stack). Stablecoin infrastructure providers will surely evolve and many of the things that are painful to build today will eventually become standardized primitives in the same way they have in BaaS. But companies building in the space now will have spent years understanding the architecture underneath those abstractions. They will own more of their infrastructure, understand the ledger and financial workflows at a much deeper level and will be way less dependent on third parties for capabilities that directly shape the customer experience. That makes the immaturity of stablecoin infrastructure both the tax you pay for building today and the reason you end up with the deepest technical advantage.

We’ve been running the company on stablecoins since 2021. We built a corporate card product we wish we’d had all these years: - stablecoin backed - high cashback - automated expense management - syncs to ERP - settles on @solana.