Galaxy Launches USDC and USDT Vaults on Solana

Galaxy has launched USDC and USDT vaults on Solana. The move expands Galaxy's institutional-grade risk management stablecoin lending product into the Solana ecosystem. Galaxy announced it began operating the two vaults in collaboration with Kamino on July 17.

This marks the first time Galaxy's 'Galaxy Curation' on-chain vault has been deployed on Solana. Galaxy explained it is applying collateral standards, exposure limits, and market monitoring systems used in its existing lending and trading operations to vault management.

Galaxy's average loan book size stands at $1.4 billion (approximately 1.9334 trillion KRW). The two vaults have different operational scopes: the Galaxy USDT Vault is designed to distribute funds across highly liquid lending markets while limiting market exposure, whereas the Galaxy USDC Vault applies a structure that broadens collateral scope and market participation.

Both products operate on Kamino's vault infrastructure with specific criteria applied per vault. The USDC vault is integrated with web3 yield infrastructure platform Yield.xyz, allowing access beyond Kamino users. The USDT vault does not have an externally disclosed distribution channel. Neither vault has published target or fixed interest rates.

Kamino provides external operators the ability to set fund allocation and exposure limits per lending market within its vault infrastructure. Vault management and rebalancing occur on-chain. Kamino previously launched 30 vaults with deployed assets exceeding $55 million (approximately 759.6 billion KRW). This collaboration allows Galaxy to apply its institutional lending and trading management systems to Solana's on-chain lending infrastructure, though actual performance and risk levels may vary based on collateral composition, market liquidity, and utilization rates.