Jamie Dimon says JPMorgan Chase will get involved in stablecoins as fintech threat looms

From cnbc.com

JPMorgan Chase CEO Jamie Dimon says he doesn’t get the appeal of stablecoins, but he also can’t afford to stay on the sidelines. It’s the message Dimon gave Tuesday when asked during an earnings conference call about whether his company, the largest and most influential U.S. bank, was exploring the payment technology. Stablecoins, as the name suggests, are a type of cryptocurrency designed to maintain a steady value that are usually pegged to a currency like the U.S. dollar. Last month, JPMorgan announced it will launch a more limited version of a stablecoin that only works for JPMorgan clients; a true ... (full story)