JPMorgan Unveils Its U.S. Dollar-backed JPMD Stablecoin on Ethereum’s Base

The post JPMorgan Unveils Its U.S. Dollar-backed JPMD Stablecoin on Ethereum’s Base appeared first on Coinpedia Fintech News

After filing for a trademark patent for JPMD digital currency earlier this week, JPMorgan Chase & Co. (NYSE: JPM) has unveiled its permissioned stablecoin on the Base network, a top-tier Ethereum (ETH)-based layer two scaling solution backed by Coinbase Global Inc. (NASDAQ: COIN). The well-established bank, with around $4 trillion in assets under management (AUM), …