Building stablecoin-native financial services means tackling three key challenges simultaneously: achieving feature parity with established players like Mercury and Brex, developing a stablecoin-first architecture, and driving innovation beyond what traditional systems offer. Feature parity is essential; businesses won't switch providers if they risk losing crucial functionalities like invoicing and expense management. The second challenge is creating an architecture that fully leverages stablecoins' advantages. This goes beyond simply adding stablecoins to existing systems; it requires a design that embraces programmability and global reach. The third challenge revolves around innovation. If new services merely replicate existing features, they miss the point of using stablecoins. Opportunities lie in creating agentic workflows and utilizing decentralized finance (DeFi) principles for better yield and foreign exchange options. The current environment, influenced by AI advancements and the commoditization of software development, allows startups to build integrated solutions quickly. Rather than relying on multiple vendors for different functions, companies can create streamlined systems tailored to specific customer needs. Squads aims to address these challenges by owning the entire stack—protocol, APIs, and product. Their protocol layer manages security and self-custody, while the API layer ensures compliance and connectivity. The product layer, called Altitude, focuses on user experience by integrating essential financial features. The company believes that the real opportunity for stablecoin-native business accounts lies in fundamentally improving how businesses operate, rather than just being marginally better than existing fintech solutions.