Coinbase says stablecoin payments and new entrants are driving a second institutional wave

Stablecoin payments and new institutional entrants are driving a second wave of crypto adoption after the initial focus on Bitcoin investment, according to Brett Tashpaul, co-CEO of Coinbase Institutional. Institutional demand is expanding from buying Bitcoin to using stablecoins in business payments. Tashpaul said new market participants represent a larger opportunity than increased allocations from investors who already hold Bitcoin. In an October 26 interview with Bitcoin Magazine, Tashpaul said he was seeing a second wave of institutional capital, with the same infrastructure supporting both Bitcoin purchases and stablecoin payments.