JPMorgan Shakes Up Crypto: Launches USD Deposit Token on Coinbase’s Base Blockchain

Wall Street meets Web3 as banking giant JPMorgan drops a regulated dollar-pegged token on Base—proving even TradFi dinosaurs can learn new tricks.

The move marks a seismic shift in institutional crypto adoption, with the deposit token offering near-instant settlements and 24/7 liquidity. No more waiting for NYSE opening bells.

Base gets its biggest institutional validation yet. The Ethereum L2, originally built for retail DeFi degens, now hosts a JPMorgan-issued stablecoin competitor. Irony tastes like champagne.

Watch for domino effects: Other banks will scramble to launch their own tokens. The race to tokenize everything—from Treasuries to carbon credits—just hit ludicrous speed.

One cynical footnote: JPMorgan’s Jamie Dimon once called Bitcoin ''worthless.'' Now his bank’s building on-chain dollar rails. Hypocrisy? Or just smart business?