Much Ado About Something? JPMorgan Launches USD Deposit Token – Not Stablecoin

After days of rumors around the identity of the mysterious ‘JPMD’ token filed by JPMorgan, widely supposed to be a stablecoin, the truth has finally emerged. JPMD isn’t a stablecoin after all – it’s a deposit token on the Base blockchain (Coinbase’s own blockchain). With JPMD, institutions have a round-the-clock method of making deposits, incorporating established banking systems with blockchain technology. It’s one more step along the path towards crypto as a normal part of everyday life, alongside core crypto projects like Best Wallet token source: https://www.newsbtc.com/news/much-ado-about-something-jpmorgan-launches-usd-deposit-token-not-stablecoin/