JPMorgan Chase: Regulators outside the U.S. prefer tokenized bank deposits over stablecoins
According to online reports, JPMorgan Chase analyzed that multinational regulators, including the Bank of England, tend to support non-bearer tokenized bank deposits rather than stablecoins, because the former are settled at face value and are more in line with the principle of "unity" of legal tender. Although stablecoins still have advantages in liquidity and convenience, JPM is also testing a licensed token deposit product called JPMD with Base.
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