Modern software companies are internet-native, global, and infinitely scalable. But they often rely on financial rails that are analog, local, and fragmented. This creates a fundamental mismatch between software's potential and finance's constraints.

Today, we're introducing Squads API to bridge this gap. With a few lines of code, businesses can embed stablecoin banking directly into their products. Squads API abstracts away blockchain complexities, delivering stablecoin-native banking infrastructure with features like payments, escrow, sub-accounts, spending limits, and recurring transactions.

Banking at internet speed

Traditional banking holds businesses back:

• Built in the 70s (ACH/SWIFT)

• High fees slow innovation (6.5% avg. global remittance cost)

• Banking hours create artificial delays

• Slow settlement traps excess capital

• Regional fragmentation limits reach

Stablecoin banking propels business forward:

• Built for internet-scale

• Low fees unlock new business models

• 24/7 operations match modern commerce

• Instant settlement frees working capital

• Borderless by default, global from day one

The transition to stablecoin banking is a paradigm shift where financial services become instant, borderless, and accessible by default. Incumbents will need to evolve to stay relevant, while early adopters gain the first-mover advantage. That's the story of the internet, and now the internet is coming for money.

Squads API: Increase stablecoin volume, reduce friction

Squads API is a programmable interface that abstracts blockchain complexities, delivering stablecoin-native banking with features like payments, escrow, sub-accounts, spending limits, and recurring transactions - all powered by smart accounts. It’s infrastructure built for digital platforms to embed modern banking at global scale.

The Squads API encompasses three core modules: Security, Programmable Banking and Networking.

1. Security
Multi-signer accounts with best-in-class key management.

2. Programmable Banking
Real-time payments, spending limits, escrow, sub-accounts, and more.

3. Networking
Simplified Solana transaction handling for developers.

Where Squads API fits in the stablecoin stack

The advantages of stablecoins for digital products are now indisputable. This recognition has sparked product innovation from incumbents and the emergence of new players across the stablecoin banking stack.

Squads API is a core primitive of the stablecoin banking stack, which connects orchestration and key management with programmable custody and transaction processing. 

The architecture is structured as follows:

• Above the Squads API: The Orchestration layer manages fiat-to-crypto conversions and ensures compliance, while the Key Management layer supports custodial and self-custodial signing.

• Below the Squads API: Squads Protocol acts as an onchain Payment Service Provider, enabling secure transactions and asset custody. Over 300 teams trust Squads Protocol to secure $10B+ in value, with $1B+ in stablecoins processed to date.

Squads API delivers the full functionality of the Squads Protocol while abstracting blockchain complexities. It provides a seamless interface to integrate with orchestration and key management providers, completing the stablecoin banking stack.
This architecture offers flexibility for selecting and managing service providers, while ensuring that an organization's assets are always secure by open-source smart contracts, enforced by Solana's decentralized network of 1,000+ validators. 

Who Benefits from Squads API

Squads API is for platforms that need stablecoin-native banking to power modern financial experiences:

• PSPs: Embed stablecoin-native payments directly into your platform, reduce transaction costs, and offer instant, programmable settlement capabilities.

• Neobanks and wallets: Enable advanced banking features like sub-accounts, spending limits, escrow, and recurring payments. Deliver a seamless, self-custodial or managed custody experience to your users. 

• Payroll and remittance platforms: Streamline global payroll and remittances with instant cross-border payments at low cost, bypassing traditional banking delays and fees.

• Commerce platforms: Power marketplaces and e-commerce platforms with secure, instant payments and escrow functionality. Enable programmable, multi-party payouts to merchants and suppliers globally.

Accelerate

The internet transformed media and the velocity of information; stablecoin banking will transform finance and the velocity of money. Squads API provides battle-tested infrastructure that processes billions in value while eliminating traditional banking constraints. Through Squads API, any platform can now embed modern banking features to enable secure, unstoppable payments.

To learn more, reach out to us on [𝕏] or email garrett@sqds.io.