Squads has introduced the Grid Grant Program, a $100,000 initiative designed to support founders building fintech applications on its Grid stablecoin API.

The program aims to accelerate development in the stablecoin ecosystem by providing direct financial incentives. Selected teams can receive up to $10,000 in USDC to build products for services like global accounts, payments, cards, and yield generation.

This initiative signals a strategic push to lower the barrier to entry for developers. By offering a simple REST API built on Solana, Grid allows fintech companies to leverage blockchain-based financial rails without requiring deep blockchain expertise or integrating with slower, legacy banking infrastructure.

For the industry, this represents a focus on driving platform adoption by fostering a dedicated developer community. By funding early-stage projects, Squads can bootstrap an ecosystem of applications, creating a network effect around its infrastructure and showcasing the viability of stablecoin-native finance.

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https://squads.xyz/blog/fueling-the-future-100k-for-founders-building-on-grid