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How Squads Secured $15B in Assets on Solana with Stepan Simkin and Garrett Harper

November 3, 2025, 2:43 AM
How Squads Secured $15B in Assets on Solana with Stepan Simkin and Garrett Harper
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Why Vertical Integration Wins

Western Union just secured $15B in assets on Solana and it reveals the infrastructure path from $300B to $3.7T in stablecoins.

In this episode of Stabled Up, we sit down with Stepan Simkin and Garrett Harper from Squads Protocol to discuss how they built the infrastructure for Western Union's Solana strategy, why vertically integrated infrastructure wins, and the path to $3.7 trillion in stablecoin market cap.

We discuss:

- How Western Union secured $15B in assets on Solana
- Western Union's Solana strategy & why they chose Squads
- Enterprise vs crypto-native stablecoin approaches
- Why vertically integrated infrastructure wins
- The path from $300B to $3.7T in stablecoins
- Altitude: On-chain business banking for enterprises
- Getting paid in USDC: The future of payroll

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