BTCC
/
BTCC Square
/
Global Cryptocurrency
/
JPMorgan CEO Jamie Dimon Acknowledges Stablecoin Role Despite Skepticism
JPMorgan CEO Jamie Dimon Acknowledges Stablecoin Role Despite Skepticism
24
1
BTCCSquare news:
JPMorgan Chase CEO Jamie Dimon remains cautious yet pragmatic about stablecoins, recognizing their growing influence in payments despite questioning their utility over traditional systems. "I think they're real," Dimon conceded during the bank's Q2 earnings call, "but I don't know why you'd want to use a stablecoin as opposed to just payment."
The banking giant is advancing its blockchain initiatives regardless, developing a JPMorgan deposit coin and an institutional-only stablecoin. Dimon framed this as a defensive necessity rather than enthusiasm: "We're going to be involved... to understand it, to be good at it." The MOVE signals Wall Street's reluctant adaptation to crypto-native payment rails as fintech competition intensifies.
By:
Previous
Pi Network (PI) Faces Persistent Bearish Pressure as Key Support Levels Tested
Next
Northern Trust Pioneers Tokenized Carbon Credit Settlement in Australia
