{"id":32354,"date":"2025-06-17T21:01:47","date_gmt":"2025-06-17T21:01:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32354"},"modified":"2025-06-17T21:01:47","modified_gmt":"2025-06-17T21:01:47","slug":"jpmorgan-introduces-usd-deposit-token-on-coinbases-base-blockchain","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32354","title":{"rendered":"JPMorgan Introduces USD Deposit Token on Coinbase\u2019s Base Blockchain"},"content":{"rendered":"<div>\n<p>U.S. banking giant JPMorgan has announced the pilot of a permissioned USD deposit token called JPMD on Base, the layer 2 Ethereum network built by listed exchange Coinbase (COIN).<\/p>\n<p>Earlier this week, the <a href=\"https:\/\/www.coindesk.com\/business\/2025\/06\/16\/jpmorgan-files-trademark-for-digital-asset-platform-as-wall-streets-crypto-embrace-continues\">bank filed a trademark application<\/a> for a crypto-focused platform named JPMD, designed to to offer services such as trading, exchange, transfer, and payment services for digital assets, as well as issuance of digital assets.<\/p>\n<p>The institution-focused JPMD, an alternative to stablecoins for the bank\u2019s clients, marks the first deployment of JPMorgan\u2019s Kinexys distributed ledger technology studio on a public blockchain, according to a press release.<\/p>\n<p>Banks and other enterprise players are crowding into the stablecoin space ahead of soon-to-land rules around dollar-pegged tokens in the U.S. JPMorgan garnered lots of attention for its so-called JPM Coin, a token for settling the cash leg of trades on its private blockchain, then called Onyx Digital Assets.<\/p>\n<p>\u201cWe are thrilled to see one of the world\u2019s most prominent banks come onchain,\u201d said Jesse Pollak, Creator of Base and VP of Engineering at Coinbase. \u201cBase offers sub-second, sub-cent, 24\/7 settlement, which makes fund transfers between J.P. Morgan institutional clients nearly instant. Coinbase is a proud J.P. Morgan institutional client, and this pilot combines the credibility of both J.P. Morgan and Base to help bring institutional money into a more global economy.\u201d<\/p>\n<p><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. banking giant JPMorgan has announced the pilot of a permissioned USD deposit token called JPMD on Base, the layer 2 Ethereum network built by listed exchange Coinbase (COIN). Earlier this week, the bank filed a trademark application for a crypto-focused platform named JPMD, designed to to offer services such as trading, exchange, transfer, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-32354","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32354"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32354\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}