JPMorgan Deploys JPM Coin to Public Chain Base
2025-12-18 10:22:03
JPMorgan Chase has deployed its digital deposit token, JPM Coin, to Coinbase's Base blockchain, marking the Wall Street giant's first large-scale access to the public chain ecosystem. JPM Coin is different from stablecoins and is a digital mapping of bank deposits with interest, which can only be transferred between whitelisted users. The move responds to institutional customers' demand for the use of bank deposit products on the chain, and is currently mainly used for collateral and margin payments for crypto transactions. JPM emphasizes that its deployment method has complete authority control and risk isolation, reflecting that traditional finance is moving closer to DeFi.
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