As reported by Bijiie, JPMorgan has officially launched its dollar-backed digital deposit token, JPM Coin (JPMD), on Coinbase's Base blockchain. The token, designed for institutional clients, represents USD deposits held at JPMorgan and enables near-instant transfers. It differs from stablecoins by offering interest-bearing, regulated bank deposits, enhancing transparency and compliance with KYC and banking standards. Major financial institutions such as B2C2, Coinbase, and Mastercard participated in early trials.
JPMorgan Launches JPMD on Base Blockchain for Institutional Clients
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