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JPMorgan launches its tokenized dollar JPMD on Base, a revolution within TradFi
The JPM Coin is out. The largest banking group in the United States, JPMorgan Chase, is no longer just experimenting with blockchains and their technologies: it is in the process of disrupting the very foundations of institutional monetary circulation. Thus, after recent tokenizations of assets on Ethereum (ETH) and Solana (SOL), the mega-bank has now deployed its stablecoin (or rather, its 'tokenized bank deposit') called JPMD on the public blockchain Base, the Layer 2 (L2) solution of Ethereum supported by Coinbase.
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