EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Solana becomes the default stablecoin for FDIC underwriting banks

2026-09-17 06:12:02
Bookmark

Column Bank natively integrates stablecoin support to enable round-the-clock real-time fiat conversion

Column, a member bank of the Federal Deposit Insurance Corporation (FDIC), recently launched stablecoin support that is directly embedded in its core banking system. This feature allows customers to send, receive and instantly convert stablecoins such as USDC and USDT to U.S. dollars at any time around the clock, and vice versa.

The platform uses Solana by default as the primary network for stablecoin activity because Solana is a high-speed blockchain network designed for fast and low-cost transactions. In addition, the platform also supports Ethereum and other mainstream public chains.

A stablecoin is a cryptocurrency designed to maintain value stability and is usually backed on a one-to-one basis by traditional currencies such as the US dollar. Although stablecoins have been widely used for payments, transactions and cross-border money transfers, they have until then relied on third-party intermediaries to bridge the gap between blockchain and traditional banking systems. Column's solution completely eliminated this gap.

Solana becomes default settlement channel

Column selects Solana as the default chain for its stablecoin transactions. Amelia Daly, head of partners at the Solana Foundation, said the integration marks a shift from theory to practical application.

Daly pointed out: "Column has made stablecoins a native asset in the banking system by using Solana as the default network, thereby moving the frontier of financial services from theory to production practice."

This choice reflects Solana's growing position in stablecoin infrastructure. According to Blockworks, in the past year, the volume of stablecoin transactions handled by the Solana network exceeded US$4.7 trillion; as of August 2026, the circulation supply of stablecoin on Solana was approximately US$14.7 billion, an increase of nearly three times from a year ago.

Single ledger, disintermediation

Since the stablecoins are built directly on Column's infrastructure, the customer's stablecoin address and bank account are on the same ledger. The company said the conversion between stablecoins and the U.S. dollar is immediate and requires no advance capital injection.

For example, a customer can receive a USDC at 9 p.m. on a Saturday and pay it to any U.S. bank account in seconds via the Real-Time Payment (RTP) Instant Payment Network. According to Column, the product is currently in the expansion stage, with annual transaction volume reaching tens of billions of dollars.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP