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JPMorgan Deploys JPM Coin on Base Blockchain, Expands into Public Chain Ecosystem

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JPMorgan has launched JPM Coin on Coinbase’s Base blockchain, its first major move into the public chain ecosystem. The token, representing interest-bearing bank deposits, is limited to whitelisted users. It is used for collateral and margin payments in crypto trading. JPM Coin’s deployment highlights the bank’s control and risk isolation strategy. The blockchain integration reflects growing institutional interest in on-chain financial tools.
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