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JPMorgan moves further into crypto with stablecoin-like token JPMD
JPMorgan Chase is taking a step further into the cryptocurrency space with its own stablecoin-like token, called JPMD. The U.S. banking giant told CNBC on Tuesday that it’s planning to launch a so-called deposit token on Coinbase’s public blockchain Base, which is built on top of the Ethereum network. Each deposit token is meant to serve as a digital representation of a commercial bank deposit. JPMD will offer clients round-the-clock settlement as well as the ability to pay interest to holders. It is a so-called “permissioned token,” meaning it is only available to JPMorgan’s institutional clients — ... (full story)
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From @TreeNewsFeed|Jun 17, 2025SENATE HAS ENOUGH VOTES TO PASS STABLECOIN BILL: BBG The U.S. Senate passed the GENIUS Act on June 17 in a 51-23 vote, marking the first major crypto legislation to clear the chamber. The bill now moves to the House, which must decide whether to advance its own version or take up the Senate’s bill. https://t.co/BccNJPQyoo
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