Wall Street is officially on-chain! JPMorgan’s JPM Coin lands on Ethereum 🏦➡️⛓️
According to The Block:
🔹 JPMorgan is expanding its dollar deposit token, JPM Coin (JPMD), to Ethereum for on-chain payments for institutional clients. It first launched on Base last November.
🔹 JPMorgan’s blockchain platform, Kinexys, has processed over $4 trillion cumulatively, averaging around $7 billion per day.
🔹 Meanwhile, Bitmine added another 12,535 ETH, and Strategy bought another 267 BTC, bringing its total holdings to 848,517 BTC.
Large-cap assets are looking weak, with prices fluctuating around $2,390, but traditional finance’s move on-chain hasn’t slowed down.
What do you think: Are banks issuing tokens on public blockchains a long-term positive for Ethereum, or will they compete with stablecoins? Share your thoughts in the comments 👇
#以太坊 #JPMorgan #RWA #稳定币 #CryptoNews
For informational purposes only; not investment advice.
According to The Block:
🔹 JPMorgan is expanding its dollar deposit token, JPM Coin (JPMD), to Ethereum for on-chain payments for institutional clients. It first launched on Base last November.
🔹 JPMorgan’s blockchain platform, Kinexys, has processed over $4 trillion cumulatively, averaging around $7 billion per day.
🔹 Meanwhile, Bitmine added another 12,535 ETH, and Strategy bought another 267 BTC, bringing its total holdings to 848,517 BTC.
Large-cap assets are looking weak, with prices fluctuating around $2,390, but traditional finance’s move on-chain hasn’t slowed down.
What do you think: Are banks issuing tokens on public blockchains a long-term positive for Ethereum, or will they compete with stablecoins? Share your thoughts in the comments 👇
#以太坊 #JPMorgan #RWA #稳定币 #CryptoNews
For informational purposes only; not investment advice.