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 👇
