ImportantJPMorgan Expands Its Deposit Token JPM Coin to Ethereum, Opening Access to Institutional Clients

JPMorgan announced that it has launched its deposit token JPM Coin on the Ethereum network, making it available to institutional clients. The token is pegged to US dollar deposits, enabling clients to complete transfers and receive payments 24/7 in seconds, instead of the previous process that required several business days. JPM Coin was first launched last year and previously operated on Base, the blockchain associated with Coinbase.

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