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Altitude DeFi Borrowing Aggregator
Altitude raised $18M to build a business banking platform on Solana that replaces traditional bank accounts with stablecoin infrastructure and self-custody.
What: Altitude is a financial operations platform for businesses built on the Solana blockchain, offering multi-currency payments, stablecoin rails, APY on balances, and CFO tools without traditional banking intermediaries. The company has processed $200M in payments across 50 countries since December.
Why it matters: This represents a shift toward crypto-native business banking where companies maintain self-custody of assets on-chain rather than relying on traditional banks, potentially offering 24/7 settlement and global accessibility without fractional reserve risks.
Takeaway: Businesses looking to operate with stablecoin-based accounts can explore Altitude as an alternative to traditional business banking at altitude.xyz.
Decoder
- Stablecoin rails: Payment and settlement infrastructure built on blockchain-based stablecoins (cryptocurrencies pegged to fiat) rather than traditional banking networks
- Self-custody: Users maintain direct control of their assets through cryptographic keys rather than trusting a third-party institution
- Smart accounts: Programmable blockchain accounts with automated rules, multi-party approvals, and granular permission controls
- ACH/SEPA/Wire/SWIFT: Traditional banking payment methods (Automated Clearing House, Single Euro Payments Area, wire transfers, and international bank transfers)
- Passkeys: Modern authentication standard using cryptographic keys stored on devices instead of passwords
Original article
Altitude, a DeFi borrowing aggregator, lets users deposit BTC or ETH as collateral and borrow USDC while unused collateral generates yield through Aave and Morpho, credited against the loan balance.
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