JPMorgan to Launch Dollar Token on Coinbase’s Blockchain

JPMorgan will launch a U.S. dollar token on Base, a blockchain developed by Coinbase, offering an alternative to stablecoins like Tether and Circle’s USDC. The token, called JPMD, represents dollar deposits at the bank. It will allow approved institutional clients to transfer funds between each other almost instantly. Deposit tokens differ from stablecoins because they reflect deposits held