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<p>JPMD on Ethereum is a cash-leg move, not a stablecoin flex.

I care less about another JPMorgan chain logo than about matching a tokenized bank deposit with the tokenized assets already living there. Kinexys does about 7 billion dollars a day, JPMorgan Asset Management already has tokenized money-market funds on Ethereum, and JPMD is still a permissioned claim on JPMorgan deposits, not retail DeFi money. My read: Ethereum is becoming the institutional settlement surface where approved cash and approved collateral can finally meet.</p>

JPMD on Ethereum is a cash-leg move, not a stablecoin flex.
I care less about another JPMorgan chain logo than about matching a tokenized bank deposit with the tokenized assets already living there. Kinexys does about 7 billion dollars a day, JPMorgan Asset Management already has tokenized money-market funds on Ethereum, and JPMD is still a permissioned claim on JPMorgan deposits, not retail DeFi money. My read: Ethereum is becoming the institutional settlement surface where approved cash and ap

JPMD on Ethereum is a cash-leg move, not a stablecoin flex. I care less about another JPMorgan chain logo than about matching a tokenized bank deposit with the tokenized assets already living there. Kinexys does about 7 billion dollars a day, JPMorgan Asset Management already has tokenized money-market funds on Ethereum, and JPMD is still a permissioned claim on JPMorgan deposits, not retail DeFi money. My read: Ethereum is becoming the institutional settlement surface where approved cash and approved collateral can finally meet.

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