JPMD is a deposit token, a block chain representation of US Dollar deposits held by JPMorgan $JPMorgan Chase(JPM)$ institutional clients. It is designed for 24/7 secure real time settlement between trusted parties.
Unlike traditional stablecoins like USDT or USDC, JPMD is only available to institutional clients. It represents actual bank deposits, not just reserves. It may eventually be interest bearing.
JPMD isn't just another StableCoin. It is a regulated institutional grade digital dollar that could reshape how money moves in global finance.
For institutional investor, JPMD is a powerful tool. For retail investors like me, it is a more of a signal that Traditional Finance (TradFi) as we know it is changing and evolving. This is a portent of the future in Finance.
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- icycrystalΒ·06-19TOPthanks for sharing1Report
- Pan the manΒ·06-19θ°’θ°’εδΊ«1Report