DeFi· ★★★★· bullish·

JPMorgan expands deposit token JPM Coin to Ethereum for institutional clients

  • —JPM Coin is now available to institutional clients on Ethereum
  • —The token is pegged to dollar deposits and settles transfers in seconds
  • —JPM Coin previously ran on Coinbase-linked Base
  • —Transfers are available 24/7 instead of taking several business days
Why it matters: A top US bank moving its deposit token onto Ethereum strengthens institutional adoption of blockchain for settlement.
#ETH
Source: PANews
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