That’s the stablecoin we’ve all been waiting for. /s
coinfeeds-bot on
tldr; JPMorgan Chase has launched JPMD, a digital token representing commercial bank deposits, operating on Coinbase’s Base blockchain built on Ethereum. Unlike stablecoins, JPMD is a permissioned token available only to institutional clients, offering features like 24/7 settlement, interest-bearing accounts, and enhanced security. The token aims to integrate traditional banking with digital assets, addressing institutional demand for on-chain cash solutions. JPMD positions JPMorgan as a leader in bridging traditional finance with cryptocurrency innovation.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
ahumminahummina on
Stupid.
Chaminade64 on
How does Jaime Dimon disparage crypto every time he’s on CNBC, and let his bank launch this? Seems like they’re threading a needle.
potatoMan8111 on
Ethereum to the MOOOOOOOON!
Savi321 on
And the same JP Morgan was calling Bitcoin a scam in 2017.. How times change!
bccrz_ on
Central bankers hate this one simple trick!
Mr_Notacop on
oh thats rich stuff. everyone is taking the money grab before the shit hits the fan and nobody cares. why is everyone stacking so differently all of a sudden?
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That’s the stablecoin we’ve all been waiting for. /s
tldr; JPMorgan Chase has launched JPMD, a digital token representing commercial bank deposits, operating on Coinbase’s Base blockchain built on Ethereum. Unlike stablecoins, JPMD is a permissioned token available only to institutional clients, offering features like 24/7 settlement, interest-bearing accounts, and enhanced security. The token aims to integrate traditional banking with digital assets, addressing institutional demand for on-chain cash solutions. JPMD positions JPMorgan as a leader in bridging traditional finance with cryptocurrency innovation.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Stupid.
How does Jaime Dimon disparage crypto every time he’s on CNBC, and let his bank launch this? Seems like they’re threading a needle.
Ethereum to the MOOOOOOOON!
And the same JP Morgan was calling Bitcoin a scam in 2017.. How times change!
Central bankers hate this one simple trick!
oh thats rich stuff. everyone is taking the money grab before the shit hits the fan and nobody cares. why is everyone stacking so differently all of a sudden?