What is the difference between a Squier and a regular Strat?

The Fender Stratocaster, often affectionately known as the “Strat,” stands as one of the most iconic electric guitars ever created. Renowned for its distinctive design and versatile tonal capabilities, the Stratocaster has been a favorite among musicians spanning various genres for decades. However, within the Fender family, there’s another name that often crops up: Squier.