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