Jamie Dimon Says Interest-Paying Stablecoin Issuers Should Meet Full Bank Regulatory Standards

JPMorgan Chase CEO Jamie Dimon told CNBC on Tuesday that issuers of stablecoins paying interest on customer balances should be regulated under the same framework as traditional banks. He argued that yield on stored balances is effectively equivalent to bank deposits and must carry identical safeguards, including capital, liquidity, and insurance protections. Dimon's remarks come amid U.S. legislative debate over digital asset rules and contrast with Coinbase CEO Brian Armstrong's call for open competition between banks and crypto platforms.