Coinbase Institutional Co-CEO says seven of world's largest banks are running on its infrastructure

Coinbase Institutional Co-CEO Brett Tejpaul states that seven of the world's largest banks are now running on Coinbase infrastructure, marking a shift from Bitcoin ETFs to stablecoin payments. He notes that money can now move from a Citi account to USDC across the blockchain in a second and into a corporate account on the other side. Tejpaul also comments that while the macro setup for Bitcoin is great, its performance has been disappointing and institutions still treat it as a tech trade rather than a primary asset.