JPMorgan Chase has launched a new deposit token, JPM Coin, for its institutional clients. This move is aimed at simplifying and speeding up cross-border payments and settlements between financial institutions. JPM Coin will function as a stablecoin, pegged to the US dollar, which will enable real-time transactions with minimal costs. The bank states that this technology enhances the efficiency and security of financial transactions and opens up new opportunities for the development of the digital economy. Previously, JPMorgan had already successfully tested the use of JPM Coin for internal settlements, and now the service is available to a wider range of clients.
