Coinbase Institutional says stablecoin payments will drive second wave of institutional money
- —Tejpaul: seven global systemically important banks use Coinbase infrastructure
- —With Citi, cash accounts convert to USDC and settle onchain in one second
- —Service is live in the UK and UAE, with funds reaching corporate bank accounts
- —Stablecoins remain a small share of global payments — "we are just scratching the surface"
Why it matters: Bank adoption of stablecoin settlement could open a new capital channel into USDC and crypto infrastructure beyond ETFs.
Source: TokenPost