ME News reports that on October 19 (UTC+8), JPMorgan is expanding its JPM Coin USD deposit token to the Ethereum mainnet for institutional clients. The token, previously launched on Base in 2025, represents actual bank deposits and enables near-instant, 24/7 peer-to-peer transfers and settlements. Currently, it is only available to JPMorgan institutional clients via Kinexys, is not publicly tradable, and is not accessible to retail customers. JPM Coin is a permissioned, regulatory-compliant bank-issued digital currency, not a decentralized stablecoin. (Source: ODAILY)
JPMorgan Expands JPM Coin to Ethereum Network for Institutional Clients
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Summary
JPMorgan is advancing institutional adoption by expanding JPM Coin to the Ethereum mainnet. The dollar-backed deposit token, launched in 2025 on Base, represents actual bank deposits and enables fast peer-to-peer transfers. It is available exclusively to institutional clients through Kinexys and is not available for public trading or retail users. JPM Coin is a regulated, permissioned token—not a decentralized stablecoin or meme coin.
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