Close Menu
Cryprovideos
    What's Hot

    Limitless Prediction Market Closes $10M Seed Spherical Forward of LMTS Token Launch | UseTheBitcoin

    October 20, 2025

    Bitcoin,Ethereum Funds Misplaced $513 Million Final Week – Decrypt

    October 20, 2025

    Solana founder brews up new perp DEX ‘Percolator’

    October 20, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»Monetary Large JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Help for Cardano and Litecoin – The Day by day Hodl
    Monetary Large JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Help for Cardano and Litecoin – The Day by day Hodl
    Altcoins

    Monetary Large JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Help for Cardano and Litecoin – The Day by day Hodl

    By Crypto EditorJune 27, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The banking titan JPMorgan is piloting a US dollar-backed permissioned deposit token on the Ethereum (ETH) layer-2 scaling resolution constructed by the American crypto alternate Coinbase.

    In an announcement, Coinbase says that JPMorgan is launching the token referred to as JMPD on Base via its blockchain enterprise unit Kinexys.

    “These are USD-denominated and backed 1:1 by deposits—combining the programmability of on-chain finance with the belief and compliance that regulated monetary establishments require.”

    JPMorgan is launching the token to benefit from world on-chain cost rails. The monetary behemoth is becoming a member of over 200 banks, brokers, fintechs and cost suppliers that faucet on the alternate’s crypto-as-a-service platform for his or her digital asset choices.

    The financial institution plans to finally permit its institutional purchasers to immediately and securely transfer cash on-chain at any time for a fraction of a cent. JPMD is constructed solely for institutional purchasers, although, and isn’t accessible to retail or particular person customers.

    Base has additionally rolled out assist for the wrapped variations of Cardano (ADA) and Litecoin (LTC). In a publish on the social media platform X, Coinbase says it holds 1:1 reserves of the belongings that again cbADA and cbLTC.

    “cbADA and cbLTC are actually dwell on Coinbase. cbADA and cbLTC are ERC-20 tokens backed 1:1 by ADA and LTC held in custody by Coinbase.”

    Observe us on X, Fb and Telegram

    Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

    Test Worth Motion

    Surf The Day by day Hodl Combine

    &nbsp

    Monetary Large JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Help for Cardano and Litecoin – The Day by day Hodl

    Disclaimer: Opinions expressed at The Day by day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses you might incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in online marketing.

    Generated Picture: Midjourney



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Bitcoin,Ethereum Funds Misplaced $513 Million Final Week – Decrypt

    October 20, 2025

    Solana founder brews up new perp DEX ‘Percolator’

    October 20, 2025

    Crypto Information: These Main Market Occasions Might Ease the Ongoing Tensions

    October 20, 2025

    Polychain Capital leads $110 million funding to kickstart a Berachain crypto treasury

    October 20, 2025
    Latest Posts

    Bitcoin,Ethereum Funds Misplaced $513 Million Final Week – Decrypt

    October 20, 2025

    Bitcoin and Quantum Computing: Nic Carter Explains the Risk and What To Do Subsequent

    October 20, 2025

    Technique Purchases 168 Bitcoin Valued at $18.8 Million Amid Market Volatility

    October 20, 2025

    Jack Dorsey Sparks Debate: ‘Bitcoin Is Not Crypto’ – Bitbo

    October 20, 2025

    Bitcoin Worth Prediction as Crypto Market Rebounds: BTC to $120K This Week?

    October 20, 2025

    BlackRock bitcoin etp 2025: LSE itemizing, 0.15% price, €550M belongings

    October 20, 2025

    Ethereum Features Momentum as Bitcoin Faces Substantial Outflows

    October 20, 2025

    Bitcoin Value Rebounds To $111,000 As Technique Provides 168 Extra BTC

    October 20, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Crypto Watchlist: High 5 Cash To Watch This Week

    December 16, 2024

    Make Quick Earnings with Australia’s Prime Bitcoin Mining Swimming pools: 2025 Bitcoin Cloud Mining Information for New Crypto Traders

    June 3, 2025

    Why is the Crypto Market Down Right now?         | UseTheBitcoin

    July 31, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.