JPMORGAN MOVES FURTHER INTO CRYPTO WITH STABLECOIN-LIKE TOKEN JPMD

The new product is a so-called deposit token that’s designed to serve as a digital representation of commercial bank money. JPMorgan said it's planning to launch the token on Coinbase’s public blockchain Base

"JPMD will offer clients round-the-clock settlement as well as the ability to pay interest to holders. It is a so-called “permissioned token,” meaning it is only available to JPMorgan’s institutional clients — unlike many stablecoins, which are publicly available."

(Source CNBC)