JPMorgan deploys JPM Coin on the Base public blockchain, advancing traditional banking services on-chain | PANews
PANews, December 18—According to CoinDesk, JPMorgan has deployed its digital deposit token, JPM Coin, to the Base blockchain operated by an exchange, marking the Wall Street giant’s first large-scale integration into a public blockchain ecosystem. Unlike stablecoins, JPM Coin is a digital representation of interest-bearing bank deposits and is only transferable among whitelisted users. This move responds to institutional clients’ demand for using bank deposit products on-chain, currently mainly for collateral and margin payments in crypto trading. JPMorgan emphasized that its deployment method features full permission control and risk isolation, reflecting traditional finance’s move toward DeFi.
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