Many banks have their own chains. Many banks are in the loop with other banks using the native blockchains. Take example of JP Morgan that has it's own chain too. And they are in loop with govt banks through the blockchains. 

Now the Column bank has made it possible for consumers and the other banks to settle the USDC and USDT using their own native in bank stablecoins. Which makes it easier to settle for the variety of transactions. 

It's a good progress though I am more for the EUR and GBP instead of USD to get the lead because it would have too much power on crypto if the USD continues to stay in power. So I think the implementation is good but we need EUR in power. 

You can read more about the news here. 

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