The Accountant Quits Podcast podcast

#104: The Modern CFO Stack: Stablecoins & Yield with Stepan Simkin from Squads & Altitude

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Your CFO is not your CTO, and in web3, confusing the two can cost you.

After scaling Squads into the leading multisig on Solana (securing $12B+ in digital assets), Stepan noticed something surprising: teams were using multisigs as their business bank account.

Self-custody? Yes

Operational efficiency? Not quite.

And that gap led to Altitude.

Altitude is a stablecoin-native finance platform combining payments (ACH, Wire, SEPA), treasury yield, AR/AP workflows, and soon corporate cards, giving companies global access without relying on a traditional bank.


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Topics covered:

(0:00) Coming Up

(3:05) Stepan’s Background

(4:46) Stablecoin Adoption

(8:40) From Squads to Altitude

(12:49) Using a self custodial ‘bank’

(16:12) Get 2 months for free with Request Finance

(17:51) Stablecoin powered business banking

(21:05) Yield on stablecoins

(25:09)  CFO’s due diligence

(27:30) Privacy for payments

(31:18) Privacy solution on Solana

(32:19) Altitude Demo

(35:42) Squads integration with Altitude

(37:01)  Onboarding to Altitude

(37:33) Agentic automation workflows

(40:28) Is Altitude for Solana users only

(42:03) Accounting in Altitude

(43:42) Closing thoughts

(45:37) Reach out to  Altitude

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