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JP Morgan Doubles Down on Stablecoins—Even as CEO Jamie Dimon Voices Skepticism
JP Morgan Doubles Down on Stablecoins—Even as CEO Jamie Dimon Voices Skepticism
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Wall Street's love-hate affair with crypto just got juicier. JPMorgan—the same bank whose CEO once called Bitcoin 'worthless'—is now diving deeper into stablecoin development. Talk about mixed signals.
Dimon's doubts? Irrelevant. The blockchain train has left the station, and JPMorgan isn't about to miss it. Their Onyx division keeps quietly building while the boss trashes the asset class at Davos. Classic corporate dissonance.
Here's the kicker: banks hate disruption... until they can profit from it. JPM's stablecoin play isn't idealism—it's a hedge. Because nothing says 'financial innovation' like preparing to cannibalize your own business model.
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