JPMorgan just deployed JPM Coin on $ETH mainnet and Base.
This isn't a stablecoin experiment. It's a deposit token backed 1:1 by USD in JPM accounts. Instant settlement. 24/7. Peer-to-peer between institutions.
TradFi rails are slow. This is JPM saying "we're building on public chains now."
When the largest US bank by assets starts moving real money onchain, it's not a pilot anymore. It's infrastructure.
$ETH and Base just became part of institutional plumbing.
This isn't a stablecoin experiment. It's a deposit token backed 1:1 by USD in JPM accounts. Instant settlement. 24/7. Peer-to-peer between institutions.
TradFi rails are slow. This is JPM saying "we're building on public chains now."
When the largest US bank by assets starts moving real money onchain, it's not a pilot anymore. It's infrastructure.
$ETH and Base just became part of institutional plumbing.