JPMorgan Expands JPM Coin to Ethereum Network

JPMorgan has expanded its JPM Coin dollar deposit token to the Ethereum mainnet, targeting institutional clients. The token, launched in 2025 on Base, represents actual bank deposits and can be used for near-instantaneous peer-to-peer transfers and settlements around the clock. Currently, it is only available to JPMorgan's institutional clients through Kinexys, and it is not available for public trading or retail clients. JPM Coin is a regulated bank currency that is permissioned and not a decentralized stablecoin.

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