Galaxy launches 2 stablecoin vaults on Kamino

Galaxy has expanded its onchain lending business to Solana with two live stablecoin vaults on Kamino, adding separate USDC and USDT strategies managed through Galaxy Curation. Summary Galaxy launched two Kamino vaults offering curated USDC and USDT lending strategies across Solana markets. Galaxy applies institutional collateral standards, exposure limits, and market monitoring to both newly launched vaults. Galaxy reported a $1.4 billion average loan book and 1,741 total trading counterparties during Q2. Kamino reports over $20 billion in originated loans and zero bad debt to lenders historically. The USDC vault is available through Yield.xyz, extending distribution beyond users accessing Kamino directly. Galaxy said on Sept. 17 that its curation team will decide which Kamino lending markets the vaults can enter, control exposure limits and monitor market conditions using the risk framework employed in its institutional lending business. Separately, Kamino confirmed the launch, describing the products as actively managed lending vaults that generate yield from borrower activity across its Solana credit markets. Neither announcement set a guaranteed return or fixed APY. You might also like: Galaxy adds 24/7 emergency services at Helios Galaxy brings its curation model onto Solana Galaxy Curation started in July with stablecoin strategies built on Morpho and distributed to institutions through Fireblocks Earn. The Kamino launch puts the same curation model on a second blockchain and introduces direct exposure to Solana lending markets. Galaxy Curation is expanding to @solana. We're launching two institutional vaults on @kamino, Galaxy USDC and Galaxy USDT, bringing our institutional risk framework to a second blockchain ecosystem. The same standards that govern our OTC trading and lending business, now… pic.twitter.com/Gsf0XQrqqS — Galaxy (@galaxyhq) September 17, 2026 Galaxy’s July launch described curation as a system for applying institutional credit controls to onchain lending while keeping deposited assets at the protocol level. Curators decide which lending markets qualify, how much capital can enter each one and when those allocations need to change. For Kamino, Galaxy has launched one USDT configuration and one USDC configuration. Both are described by Galaxy as moderate-risk strategies, though they have different mandates. The USDT vault takes the more selective approach. Galaxy says it is designed to prioritize capital preservation through exposure to liquid and established Kamino lending venues. The USDC vault permits a larger set of collateral markets in pursuit of higher lending yield. Galaxy describes the design as involving expanded collateral exposure and wider market participation, which means its risk profile is not identical to the USDT product. Galaxy explicitly warns that both products remain exposed to market, smart-contract and liquidity risks. The company does not describe either vault as principal-protected.