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JPMorgan Explores Stablecoin and Deposit Token Services to Accelerate Settlements

JPMorgan Explores Stablecoin and Deposit Token Services to Accelerate Settlements

Published:
2025-07-15 20:05:02
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BTCCSquare news:

JPMorgan Chase is preparing to test stablecoin services alongside its proprietary deposit token, signaling a strategic push into blockchain-based settlement solutions. CEO Jamie Dimon framed the MOVE as both offensive and defensive—aiming to master distributed ledger technology while countering fintech rivals encroaching on traditional banking functions.

The bank's exploration mirrors broader institutional momentum. Citigroup confirmed active development of a Citi-branded stablecoin, while BlackRock's Larry Fink highlighted stablecoins' potential for treasury management. Regulatory tailwinds may emerge from the proposed GENIUS Act, which seeks to establish federal oversight for dollar-pegged tokens.

|Square

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