🔥Interesting movement in Base 👀👆
Interesting what is being seen in layer 2 #Base , as massive inflows of money from #Ethereum have been detected in recent hours, what is the reason? Perhaps it has something to do with #JPMorgan .
And it is that in recent hours it was announced that JP Morgan would be launching JPMD, a tokenized dollar in #blockchain of Base, a news that surprised the community.
As is known, for some time it has been rumored that several banks would be working on pilot programs with the aim of launching their own stablecoin, and JP Morgan has decided to take the first step.
What they are doing now are tests of real money transfers from a known Exchange (COIN), this as part of the first pilot phase.
The target audience for this new development will be the institutional clients of #exchange centralized, but this would only be the beginning of several things they are developing, according to some media outlets.
Do you think this is a great idea for more institutions to enter the crypto sector?
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