$PUMP
JPMorgan's preference for tokenized bank deposits signals a shift in regulatory preference, potentially reshaping the digital currency landscape.
According to Odaily, analysts at JPMorgan indicated that several regulatory bodies, including the Bank of England, are favoring tokenized bank deposits over stablecoins. This preference is due to the fact that tokenized deposits settle at face value and align more closely with the principle of the uniqueness of fiat currency. Although stablecoins offer advantages in liquidity and convenience, JPMorgan is currently testing a permissioned tokenized deposit product called JPMD on the Base platform.
