Back to Banking groups warn stablecoins could drain trillions in deposits under GENIUS Act
b29e6697-962c-47c9-b3b2-d84fdda27ec9
Medium
true false
JPMorgan has launched its own institutional deposit token called JPM Coin for corporate payments.
Explanation
JPMorgan's Onyx unit expanded JPM Coin for euro payments with Siemens as first corporate client. JPM Coin is a wholesale deposit token only available to institutional clients, not a public stablecoin....
Sources
Related Questions
How much money do banks estimate could drain from traditional deposits into stablecoins?
Easymultiple choiceThe House passed the GENIUS Act with a {{blank_1}}-{{blank_2}} vote, and President Trump {{blank_3}} it into law in {{blank_4}} 2025.
Easyfill in_blanksWhich payment companies expressed support for stablecoin integration rather than treating them as competition?
Easymultiple choice
2 more questions available with Premium
Unlock All QuestionsThis question is part of Banking groups warn stablecoins could drain trillions in deposits under GENIUS Act. 5 more questions available.