JPMorgan's Tokenized Dollars are Changing Wall Street

A New Era on Wall Street

JPMorgan stated that the transition from a private blockchain to Coinbase’s Base layer is driven by institutional demand. The only cash-equivalent options currently available in the cryptocurrency space are stablecoins. This indicates a need for a banking deposit product for payments on public blockchains.

JPM Coin can be used as a tool for holding collateral on Base or for making margin payments related to crypto purchases. These developments may signal a significant transformation in the financial services sector.