Traditional banks are quietly abandoning Bitcoin as a payment mechanism in favor of stablecoin infrastructure, and Coinbase is positioning itself as the bridge between both worlds. They started shopping for stablecoin payment rails instead. Rather than adopting Bitcoin as a payment mechanism, banks are gravitating toward stablecoins as the more practical on-ramp to blockchain-based settlements. Payment infrastructure revenue, built on steady transaction volumes from enterprise merchants, offers something closer to predictable cash flows. Investors should pay particular attention to how quickly stablecoin settlement volumes grow relative to traditional payment rail volumes.