Stablecoin from JPMorgan

An interesting thing is that the largest US bank JPMorgan Chase, the head of which has often been unflattering about Bitcoin, has released its own cryptocurrency called JPM Coin, which will be pegged to the American dollar. It can be implemented in the system of international bank payments.

CNBC, a well-known financial publication, announced the launch of JPMorgan Chase, the largest US bank, of its steablcoin, backed by a dollar fund.

The bank conducts international transactions of more than $ 6 trillion daily, most of which are transactions of financial corporations. Within a few months, bank customers will be able to work with a new asset in test mode. The bank's report states that the new asset is a contribution to the future of the blockchain industry, but for the time being it will be used only for international transactions that will be faster than normal transactions.