The U.S. banking platform Column has launched four financial infrastructure products covering stablecoins, card issuance, global banking services, and multi-currency accounts. Its core value proposition is integrating USDC, USDT, U.S. dollar accounts, debit cards, and domestic and international payment networks into a single banking platform, providing fintech companies with a unified interface.
Stablecoin Direct Payment Network
The column states that the newly launched stablecoin infrastructure supports 24/7 conversion between USDC and USDT and the US dollar, with direct connectivity to U.S. domestic and international payment channels. Enterprise customers can transfer funds between stablecoins, bank accounts, and cross-border payment networks without needing to integrate additional intermediary services.
The company's example shows that after a business receives USDC from Mongolia, it can instantly convert it to USD and then split the funds for various purposes. One portion can be sent to a U.S. local bank via FedNow, while another portion can be converted to EUR and transferred abroad via SWIFT. According to the company, this entire process can be completed in seconds with just a few API calls.
Unified integration of four products
In addition to its stablecoin products, Column is also launching card issuance, global bank accounts, and multi-currency account services. The card issuance product integrates banks, processing systems, and funding capabilities into a single interface, reducing the need for fintech companies to separately connect with issuing banks, processors, and payment orchestrators.
Regarding global banking services, verified customers outside the United States can also access their account and card infrastructure. Businesses can offer U.S. dollar or local currency accounts and cards to eligible overseas clients while continuing to use existing compliance tools. Column has not disclosed the full list of supported regions in the announcement.
Multi-currency accounts enable customers to receive, hold, and send currencies other than the U.S. dollar. The company states that these accounts can connect to international payment networks, including SEPA Instant, and support instant conversion between foreign currencies and the U.S. dollar.
Stablecoin payment competition intensifies
As these products launch, stablecoins are accelerating their integration into payment and banking infrastructure. Previous data shows that cumulative spending on stablecoin cards has exceeded $10.9 billion, with monthly spending first surpassing $1 billion in July.
Earlier this month, Visa stated that during its second quarter of fiscal year 2026, over 160 stablecoin-related projects were live globally, with payment volumes related to stablecoins growing nearly 200% year-over-year, and the annualized volume of stablecoin settlements exceeding $20 billion. In June, Mastercard also integrated six regulated stablecoins into its settlement network.
Column co-founder William Hockey said that the four newly launched products are already processing billions of dollars in transaction volumes for select large fintech companies, including Ramp, Brex, Bilt, Mercury, Slash, and Kapital. The company did not disclose the individual transaction volumes for each product.