JPMorgan plans to launch its dollar-pegged stablecoin "JPM Coin," which will be managed by its blockchain division Kinexys on the Canton network. This move marks a shift in CEO Jamie Dimon's(Jamie Dimon) previous criticism of cryptocurrencies, aiming to enable institutional clients to use digital tokens for payments. Previously, other financial institutions like Morgan Stanley have also entered the cryptocurrency space.
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JPMorgan plans to launch its dollar-pegged stablecoin "JPM Coin," which will be managed by its blockchain division Kinexys on the Canton network. This move marks a shift in CEO Jamie Dimon's(Jamie Dimon) previous criticism of cryptocurrencies, aiming to enable institutional clients to use digital tokens for payments. Previously, other financial institutions like Morgan Stanley have also entered the cryptocurrency space.