JPMorgan’s financial giant to launch a US dollar-backed deposit code on a base where Coinbase’s scaler-2

Titan JPMorgan Banking is experimenting with a deposit deposit code supported by US dollar on the scaling solution ETHEREUM (ETH) that was created by American Crypto Excination Coinbase.
in statementCoinbase says that JPMorgan launches the distinctive symbol called JMPD at the base through its Blockchain business unit.
“This is the one that is resisted and supported by the US dollar 1: 1 through deposits-to overcome the program of financing on the series with the confidence and compliance required by the financial institutions subject to the organization.”
JPMorgan launches the distinctive symbol to take advantage of the global payment bars on the chain. The financial giant joins more than 200 banks, brokers, technology providers and payment providers who take advantage of the Crypto-Service platform from Excination for their digital asset offers.
The bank ultimately plans to allow its institutional customers to transfer money immediately and safely at any time to a small part of a hundred. JPMD is exclusively designed for institutional customers, and it is not available for retail or individual consumers.
Base has also launched support for Cardano (ADA) and Litecoin (LTC). In a post on the social media platform X, Coinbase He says It maintains 1: 1 reserves for the assets that belong to CBADA and CBLTC.
“CBADA and CBLTC are now on Coinbase.
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