4G·

JPMorgan and Coinbase launch deposit token pilot on Base

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.


$COIN (+2,22%)
$JPM (+0,8%)

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