JP Morgan: Regulators outside the US prefer tokenized bank deposits over stablecoins
2025-07-18 17:37:45
According to JPMorgan, regulators in many countries, including the Bank of England, tend to favour non-bearer tokenised bank deposits over stablecoins, which are denominated at face value and more in line with the principle of "uniformity" of fiat currencies. While stablecoins still have an advantage in terms of liquidity and convenience, JPM is also testing a permissioned token deposit product called JPMD at Base.
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