COLUMN LAUNCHES STABLECOIN, CARD, AND BANKING PRODUCTS TO CHALLENGE EREBOR

Summary from the TLDR Crypto newsletter

Column announced stablecoins, full-stack card issuing, and global banking products aimed squarely at Erebor, with Column valued around $6 billion and reportedly raising capital. Erebor is closing a raise at roughly $8 billion, nearly 30% higher than Column despite launching far more recently, and has grown deposits to $4.6 billion in under a year from $1 billion early on. Column holds about $1.5 billion in deposits after five years but already has a card business Erebor lacks.