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According to Bloomberg, JPMorgan has officially launched its deposit token, JPM Coin, marking a major step in institutional blockchain adoption. The token represents U.S. dollar deposits held at the bank and enables 24/7 real-time transfers via Base, Coinbase’s public blockchain. Early participants in the pilot include Mastercard, Coinbase, and B2C2, with Coinbase reportedly set to accept JPM Coin as collateral for transactions and liquidity operations.
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