JPMorgan Takes JPM Coin To Ethereum As Banks Test Public-Chain Settlement
JPMorgan is taking its bank-issued deposit token onto public Ethereum, an expansion that puts an established Wall Street payments product on infrastructure traditionally associated with crypto-native finance. TL;DR: JPMorgan is expanding access to JPM Coin on Ethereum for institutional users. The token represents bank deposits rather than an independently issued stablecoin, and participation remains restricted.…
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JPMorgan is taking its bank-issued deposit token onto public Ethereum, an expansion that puts an established Wall Street payments product on infrastructure traditionally associated with crypto-native finance. TL;DR: JPMorgan is expanding access to JPM Coin on Ethereum for institutional users. The token represents bank deposits rather than an independently issued stablecoin, and participation remains restricted.…
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