JPMorgan Chase (JPM) Takes JPM Coin to Ethereum for Institutional Payments

JPMorgan Chase (NYSE:JPM) has extended its JPM Coin payment system to the Ethereum mainnet for institutional clients. The bank is moving its USD-backed deposit token beyond private, permissioned ledgers to a widely used public blockchain network. Institutional users can now send on-chain dollar transfers using JPM Coin over Ethereum, aiming for faster settlement and 24/7 availability. Expanding JPM Coin onto Ethereum only tells part of the story about JPMorgan's broader digital asset...