via http://overnightstocks.com
• JPMorgan unveils JPMD — a USD-backed permissioned deposit token
• Built for institutional clients, not retail — no public stablecoin
• Runs on Coinbase’s Ethereum Layer-2 network Base
• Enables 24/7 on-chain settlement and faster institutional transactions
• JPM chose Base for scalability, cost-efficiency, and existing ties to Coinbase
• Pilot phase underway; broader rollout pending regulatory green light
A landmark move bridging traditional finance with blockchain infrastructure.
