The bank's dollar deposit token, which debuted on Base last year, is aimed at large crypto firms and financial institutions, a JPMorgan blockchain executive told Bloomberg.
The post JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use appeared first on Unchained.
This is the summary Unchained publishes in its feed. The full article lives on their site.
JPMorgan is rolling out JPM Coin on Ethereum for institutional clients, a token backed by dollars in its accounts that settles in seconds, any day of the week.
The Up/Down contracts pay winning shares 1 USDC and require full funding, with no leverage or liquidations.
Starknet’s DeFi TVL fell a smaller 5.3%, while voting on research into an independent Layer 1 remains open until Oct. 22.
The six Base pools held about $241,000 in liquidity and recorded roughly $20,000 in trading over 24 hours, according to GeckoTerminal data.
The company describes both allocations as deployed, following its August plan to stake $200 million through Lido and hold wstETH with Anchorage.
In a comment letter on Regulation Crypto Assets, Blockworks said it wants line items from its own disclosure framework written into the rules, plus a new kind of SEC-recognized filing...
