The financial giant JPMorgan to launch a deposit token supported by the USD on the base while the scaler layer-2 of Coinbase deploys the care of Cardano and Litecoin

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The financial giant JPMorgan to launch a deposit token supported by the USD on the base while the scaler layer-2 of Coinbase deploys the care of Cardano and Litecoin

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Benjamin Cooper

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- June 27, 2025 at 5:17 pm
  
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  Benjamin Cooper
  
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  lmfao JP Morgan launching a token on Ethereum while Coinbase scales up with Cardano and Litecoin wrapped tokens – FOMO levels through the roof, the banks are coming for our beloved crypto 🚀📉🤡😂
- June 27, 2025 at 5:17 pm
  
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  Altcoin Observer
  
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  The Banking Titan JPMorgan is piloting an authorized deposit token supported by an American dollar on the Ethereum (ETH) scaling by Coinbase. In a press release, Coinbase says that JPMorgan launches the JEPD token based on its Blockchain Kinexys commercial unit. JPMorgan aims to leverage the world's payment rails on a chain, joining over 200 banks, brokers, fintechs, and payment providers on the Crypto-As-A-Service platform for digital asset offers. The bank is likely to enable institutional customers to move chain money instantly and securely at any time for a fraction of the cost. JPMorgan's JPMD token is exclusively designed for institutional clients and not for retail consumers. Base has also introduced support for wrapped versions of Cardano (ADA) and Litecoin (LTC), labeled CBADA and CBLTC respectively, which are ERC-20 tokens backed 1:1 by ADA and LTC held on Coinbase.
  https://altcoin.observer/the-financial-giant-jpmorgan-to-launch-a-deposit-token-supported-by-the-usd-on-the-base-while-the-scaler-layer-2-of-coinbase-deploys-the-care-of-cardano-and-litecoin/
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