🚨JPMorgan has #launched JPMD, a permissioned deposit token on Cøinbase Base blockchain, offering institutional clients 24/7 settlement and potential interest.

🔹Unlike stablecoins, JPMD is tightly integrated with traditional banking. Aimed at digital asset settlements and cross-border transactions, JPMD enhances fungibility while maintaining regulatory alignment with commercial bank deposits.

-CNBC$ETH