In an interview with Bitcoin Magazine, Brett Tejpaul, co-CEO of Coinbase's institutional business, stated that seven major banks globally are already using Coinbase's infrastructure. Coinbase currently holds approximately 90% of the Bitcoin ETF custody market share, and institutional capital is experiencing a "second wave" of entry driven by stablecoin payments, with a shift in focus from Bitcoin ETFs to stablecoin payments and on-chain settlements. He described the banking industry as experiencing a "Kodak moment," where stablecoins enable funds to be converted from traditional bank accounts to USDC and completed cross-border settlements within seconds. However, he admitted that Bitcoin's recent performance has been disappointing, and despite a favorable macroeconomic environment, institutions currently primarily view it as a tech stock. [https://www.(wublock123.com)/news/seven-big-banks-onboard-coinbase-infrastructure-90-percent-bitcoin-etf-custody-70740]