BREAKING: JPMorgan Launches Game-Changing USD Deposit Token on Coinbase’s Base Blockchain

Wall Street meets Web3 in a seismic shift—JPMorgan just dropped a USD-pegged deposit token directly onto Coinbase’s Base blockchain. No intermediaries, no legacy rails—just the old guard playing catch-up with crypto-native efficiency.

Why it matters: When America’s largest bank starts minting stablecoins on Ethereum’s hottest L2, even Bitcoin maxis pause their memes. This isn’t your grandpa’s JPMorgan—it’s Dimon’s hedge against his own anti-crypto rants.

The fine print: These aren’t JPM Coin rebranded. These are blockchain-native deposits—liquidity that actually moves at crypto speed. Watch for institutional DeFi integrations by EOY 2025 (yes, banks finally read the ‘programmable money’ memo).

Cynic’s corner: Nothing says ‘adoption’ like a trillion-dollar bank realizing stablecoins print better margins than 1970s-era wire transfers. Next up: Jamie Dimon NFT collectibles?