JPM Coin, JPMorgan's token for dollar deposits, is coming to Ethereum
Summary
JPMorgan plans to bring its dollar-deposit-backed JPM Coin to Ethereum, expanding beyond Coinbase’s Base and potentially serving crypto firms and financial institutions seeking blockchain payments and settlement. The bank cited Ethereum’s liquidity and institutional usage, but has not announced a launch date. JPMorgan previously said it planned to extend the token to Canton Network. Its Kinexys blockchain processes more than $7 billion daily, while the bank’s broader payments business handles $12 trillion a day.
