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Murugaverl Mahasenan

JPMorgan Launches USD Deposit Token JPMD on Base Layer 2 for Institutional Clients

JPMorgan has launched its USD-denominated deposit token, JPM Coin (JPMD), on Base Layer 2 for institutional clients following a pilot program. The token enables 24/7 blockchain settlement while representing the bank's existing deposits. Major institutions including B2C2, Coinbase, and Mastercard have completed test transactions using JPMD.
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