JPMorgan

They’ve launched their own version of on-chain money, and regulators are backing it.
While most of crypto runs on stablecoins like $USDT and $USDC , JPMorgan and even the Bank of England are leaning toward something new: tokenized bank deposits — basically, digital dollars issued by real banks.
JPMorgan’s new token, JPMD, is already being tested on Base, Coinbase’s Layer 2 chain.
Backed by actual bank deposits
It settles 1:1 with cash — no depegs, no drama.Trusted and insured
Comes with full KYC, AML, and FDIC insurance. A win for institutions.Fast and cheap
Built on Base, so transactions are quick and low-cost — 24/7.Made for big players
Aimed at corporates, treasuries, and asset managers — not retail users (yet).
This could be the start of a major shift — from private stablecoins to bank-issued tokens.
If you're in DeFi, fintech, or building anything on-chain, this is one trend you can't ignore.
Save this post — the stablecoin wars are just getting started.
Question for You:
Will tokenized bank money take over stablecoins — or is this just hype from TradFi?
Let’s talk 👇

#JPMorgan

📅 July 18, 2025 | New York, USA
The largest bank in the United States has just made a move that could completely shake up the stablecoin market: JPMorgan Chase, the financial giant with over $3.5 trillion in assets, announced today plans to launch tokenized bank deposits, a system they claim offers the same functionality as stablecoins, but under the regulated umbrella of a systemic bank.
The news, revealed today by The Block, marks a milestone in the battle for the future of digital money, where banks, private stablecoin issuers, and central bank digital currencies (CBDCs) compete to control the tokenized liquidity of the 21st century.
What does a tokenized deposit mean?
Unlike a private stablecoin like USDT or USDC—issued by non-bank companies and backed by money market reserves or bonds—a tokenized deposit represents traditional dollars held in a bank account that are “transformed” into digital tokens. These tokens can move almost instantly between customers and supported platforms, like a stablecoin, but without leaving the traditional banking framework.
JPMorgan's head of blockchain innovation explained that their vision is to offer the speed and programmability of stablecoins, but with the trust and full backing of an FDIC-regulated bank account.
“Many corporate clients want the efficiency of a digital token, but without the uncertainty of private or unregulated stablecoins,” said the JPMorgan spokesperson.
What's behind this move?
This isn't JPMorgan's first foray into blockchain: its JPM Coin system, launched in 2020, already moves billions in tokenized interbank payments. But this new plan aims to go beyond internal use, offering tokenized deposits to corporate clients and large companies for cross-border payments, intraday liquidity, and instant trade settlement.
According to The Block, the bank plans to use this infrastructure to compete directly with USDC, USDT, and emerging stablecoins that already dominate DeFi and global exchanges. The message is clear: if you're going to use digital dollars, it's better to be within JPMorgan.
The tension: Reinvent stablecoins or destroy them?
The announcement comes at a key moment: the US is moving forward with the Stablecoin Genius Act, which seeks to impose stricter rules on private issuers. Meanwhile, banking giants are pushing for tokenized deposits to be recognized as a safer alternative, which could reduce the market share of independent stablecoins.
For DeFi and offshore exchanges, the risk is clear: if institutional traders migrate to tokenized banking systems, demand for private stablecoins could decline dramatically, shifting liquidity to bank-controlled platforms.
Topic Opinion:
There's no doubt about it: JPMorgan is playing a masterstroke to control the digital dollar narrative. They know the demand for fast payments and tokenized assets will explode. But instead of fighting stablecoins with regulatory arguments, they're offering the same tool, but within the banking system.
The dilemma is stark: do we want digital dollars controlled by traditional banks or truly open stablecoins? For me, this move shows that banks don't plan to be left out of the crypto revolution… they're going to absorb it.
The key question: Can they compete in speed and interoperability with the innovation of USDC, Tether, or DeFi? If they manage to combine banking security with global liquidity, they could challenge many crypto issuers—and change the rules of the game forever.
💬 Would you prefer to use tokenized bank deposits or independent stablecoins?
Leave your comment...
#JPMorgan #Stablecoins #Tokenization #defi #CryptoNews

Senator Elizabeth Warren is increasing pressure on the rapidly growing private credit market, warning that it could become the next source of financial instability. On Thursday, she sent strongly worded letters to the three largest credit rating agencies — S&P Global, Moody’s, and Fitch Ratings — and also reached out to Treasury Secretary Scott Bessent.

📩 Warren Warns of Another 2008 Crisis
In her letters, Warren recalled how overly optimistic credit ratings contributed to the 2008 financial collapse. She demanded transparency on how the agencies evaluate private credit products, how they manage conflicts of interest, and whether their methodology differs from how they rate traditional investment products.
She warned that excessively favorable risk assessments could once again lead to crisis — especially when lenders can choose their own rating provider.

🏦 White House Appears to Support the Sector
Ironically, the Trump administration seems to be moving in the opposite direction — supporting efforts to open up private credit opportunities to the public, such as through 401(k) retirement plans.
Warren also wrote a letter to Treasury Secretary Bessent, urging him to assess the potential financial stability risks posed by the size and opacity of the private credit market. She referenced a government report from last year that flagged vulnerabilities like lack of transparency and growing connections to banks and other financial institutions.

📉 JPMorgan: Private Credit Looks Like Pre-Crisis Mortgages
According to JPMorgan Chase CEO Jamie Dimon, today’s private credit market resembles the mortgage sector before the 2008 crash. He warned that not all players maintain sound lending practices, which could lead to problematic financial products.
Despite these concerns, JPMorgan has entered the space, allocating $50 billion from its investment banking unit to support its own private credit platform for acquisitions and other large-scale transactions outside traditional bank channels.

📊 Explosive Growth: From $11.6 Trillion to $30.8 Trillion
SEC Chairman Paul Atkins noted that private funds have grown from $11.6 trillion to $30.8 trillion over the past decade. He said this opens the door for retail investors seeking diversification and risk-adjusted opportunities that align with their time horizons.

🛠️ A New Lending Model: Railcars, Data Centers, and 10-Year Deals
Private credit giants like Apollo, Ares, and KKR are now creating custom lending structures — lending directly from their own funds, secured by unconventional assets such as railcars and data centers.
In return for locking in capital for nearly a decade, borrowers are often willing to pay significantly higher interest rates than they would through traditional banks — avoiding the complex and costly syndication process, credit ratings, and long waiting periods.
These loans are often investment-grade in credit quality, but due to their illiquidity premium, they command higher yields.

#ElizabethWarren , #WallStreet , #JPMorgan , #SEC , #economy

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Big Bank Comes Around
Jamie Dimon acknowledges stablecoins’ legitimacy and highlights JPM’s own token, placing crypto in fintech’s core.

#JPMorgan

The largest U.S. bank, JPMorgan, plans to further expand its presence in the crypto industry by venturing into stablecoins. The bank’s CEO, Jamie Dimon, confirmed this development, going head-to-head with the likes of Tether, Circle, and Ripple.
JPMorgan CEO Confirms Plans To Venture Into Stablecoins
According to a CNBC report, Jamie Dimon has confirmed that his bank will expand into the stablecoin industry. He made this revelation when asked about plans to explore this payment option during an earnings conference today.
This comes despite his criticism of Bitcoin and the crypto industry in general. As we reported, JPMorgan has already launched the JPMD coin, which it plans to pilot on the Base network.
The stablecoin-like token will be dominated in U.S. dollars and will provide the bank’s customers a faster way to transact. However, it remains unknown if the bank plans to make the coin available to the general public in the future.
The JPMorgan CEO simply said that they will be involved in both the bank’s deposit coin and stablecoins to “understand it” and to be good at it. He added that he thinks these stablecoins are real, but he doesn’t know why one would want to use them as opposed to just payment.
Dimon admitted that they have no choice but to venture into this space, unless they want to lose ground to the likes of Tether, Circle, and Ripple, who are looking to replace these banks. As we reported, Circle and Ripple have already applied for a national banking license.
Commenting on the competition from these crypto firms, the CEO said,
You know, these guys are very smart. They’re trying to figure out a way to create bank accounts, to get into payment systems and rewards programs, and we have to be cognizant of that. And the way to be cognizant is to be involved.
Other Banking Giants Also Considering Joining Stablecoin
Besides JP Morgan, Bank of America, and Citigroup, which are also members of the ‘big four’ banks in the U.S., are also considering joining the stablecoin race. BofA’s CEO, Brian Moynihan, has already confirmed that his bank will get involved in stablecoins.
Meanwhile, Citigroup’s executives said that they were looking at the issuance of a Citi stablecoin as one of the ways they plan to venture into the crypto space. The executives added that the biggest opportunity is around tokenized deposits and providing custody for crypto assets.
The move from JPMorgan and these other banks comes at a time when the crypto industry is about to gain regulatory clarity with the crypto bills on the table. The U.S. House will vote on the stablecoin bill, the GENIUS Act, this week.
This regulation will give issuers like Ripple, Circle, and Tether more legitimacy, enabling them to compete with these banking giants. Treasury Secretary Scott Bessent stated that the stablecoin industry could potentially reach a value of $2 trillion at some point, thanks to this bill.

#CPIWatch #BTCWhaleTracker #USCryptoWeek #StrategyBTCPurchase #JPMorgan