JPMorgan CEO: 'Possible to jointly develop a stablecoin with other banks'

Source
JH Kim

Summary

  • JPMorgan CEO Jamie Dimon said there is a possibility of jointly developing a stablecoin with other banks.
  • JPMorgan already holds a deposit coin, and said it is combining this with blockchain technology to pursue real-time payment efficiency.
  • The remarks suggested that JPMorgan may seek to expand digital payment infrastructure beyond existing financial networks.

Jamie Dimon (Jamie Dimon), CEO of JPMorgan Chase, hinted at the possibility of jointly developing a stablecoin.

On the 6th (local time), according to crypto asset (cryptocurrency) specialist media CryptoBriefing, Dimon said, "It is not yet certain what role stablecoins will play, but JPMorgan is actively experimenting with the related technology," and added, "There is also a possibility of developing stablecoins in cooperation with other banks."

He also added, "JPMorgan already has a deposit coin, and is combining it with blockchain technology to increase real-time payment efficiency."

JPMorgan has previously conducted interbank payment and tokenized asset experiments through its own blockchain network 'Onyx (Onyx)'. This remark is interpreted as suggesting that JPMorgan may move to expand digital payment infrastructure beyond existing financial networks.

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JH Kim

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