Column Makes Solana the Default Network for Stablecoin Banking

Column Makes Solana the Default Network for Stablecoin Banking
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Column integrated stablecoins directly into its banking core, making Solana the default network for its digital asset operations.

The bank, with $1.77 billion in assets and holder of a federal charter, announced it will offer native support for USDC and USDT with fiat conversion available 24 hours a day, 7 days a week. The system already processes tens of billions of dollars in volume annually.

Unlike traditional schemes, where users relied on pre-funded accounts or intermediaries to access their funds, Column placed stablecoin addresses and bank accounts on the same ledger. This allows, for example, receiving USDC on a weekend on Solana and sending dollars immediately through payment networks such as RTP, ACH, or SWIFT.

Amelia Daly, head of partnerships at the Solana Foundation, argued that stablecoins are not a crypto product but rather dollar infrastructure, and that their utility depends on the speed, cost, and reliability of the network supporting them.

Column already counts clients such as Slash and Brex, and also allows companies to authorize card payments against real stablecoin balances, including settlement with Visa and Mastercard without using additional fiat accounts.

Source: https://x.com/SolanaFloor/status/2100297581456969856



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This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

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