Alec Lovett

Brett Tejpal, the head of Coinbase Institutional, stated on the Coinbase blog that this provides easy, low-friction stablecoin acceptance for Citi's institutional clients, without them needing to build or manage a system they do not need.

And Alec Lovett, Coinbase's head of infrastructure product, reinforced this by noting that it gives businesses bank account like functionality with the speed of stable coins underneath it.

Wow.

And, you know, when you consider the distribution network for this payment method, the potential reach is vast.