#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? YesOperational 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.✅ OUR RESOURCES🌐 Join a global community of web3 accounting & finance professionals - ⁠⁠⁠⁠https://www.theaccountantquits.com/courses⁠⁠⁠⁠ 🤓 Join the FREE Crypto Accounting Class & learn how to start working in web3 accounting ⁠⁠⁠⁠https://www.theaccountantquits.com/free-class⁠⁠⁠⁠ 🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto ⁠⁠⁠⁠https://www.theaccountantquits.com/crypto-accounting-academy⁠⁠⁠⁠ 💎 Join the next cohort of the Crypto Treasury Management Academy and learn how to optimize, allocate and protect your organization's treasury ⁠⁠⁠⁠https://www.theaccountantquits.com/crypto-treasury-management-academy⁠⁠⁠⁠ ✅ EPISODE SPONSORS💰Request Finance - Simplify crypto AR, AP & accounting & get 2 months for free - ⁠⁠https://www.request.finance/partners/theaccountantquits ⁠⁠💰 The full-stack OS for Web3 businesses using Kryptos and 10% off (Code TAQ10) - ⁠⁠⁠⁠⁠⁠https://kryptos.io/?via=ocf-institute⁠⁠⁠✊ Follow The Accountant Quits on Socials👉 LinkedIN: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/school/the-accountant-quits⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 👉 Twitter(X): ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://x.com/accountantquits⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 👉 YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@theaccountantquits⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🎙️ Follow Episode Guest Stepan Simkin: ⁠⁠⁠⁠https://x.com/SimkinStepan🎧 WebsiteFor show notes and past guests, please visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.theaccountantquits.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 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