Deep Tide TechFlow News, on July 19, according to The Block, JPMorgan analysis indicates that multiple regulatory agencies, including the Bank of England, tend to support non-anonymous tokenized bank deposits over stablecoins, as the former settles at face value and aligns more with the fiat currency 'uniqueness' principle. Although stablecoins still hold an advantage in liquidity and convenience.

Additionally, JPM is currently testing a licensed token deposit product called JPMD on Base.