Close Menu
Cryprovideos
    What's Hot

    WIF Price Prediction: Targeting $1.32 Resistance with 63% Upside by September 2025

    August 27, 2025

    SEC Crypto Process Pressure And Kraken Talk about Asset Tokenization

    August 27, 2025

    $MBG Token Provide Decreased by 4.86M in First Buyback and Burn by MultiBank Group | UseTheBitcoin

    August 27, 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

    SEC Crypto Process Pressure And Kraken Talk about Asset Tokenization

    August 27, 2025

    Altcoin Season Coming Later This Yr, Bitfinex Says

    August 27, 2025

    Prime Meme Coin Dealer Makes $109M Buying and selling TRUMP Coin: Why TOKEN6900 Might Make Millionaires Subsequent

    August 27, 2025

    Will There Be Demand for XRP ETFs? Bloomberg Analyst Weighs In – U.As we speak

    August 27, 2025
    Latest Posts

    Bitcoin Selloff: $2.2 Billion In BTC Floods Exchanges

    August 27, 2025

    Bitcoin ETFs submit $219 million rebound whereas Ethereum funds entice twice the inflows

    August 27, 2025

    Right here's What to Anticipate From Bitcoin in September as Community Exercise Slows – Decrypt

    August 27, 2025

    Bitcoin market cycles not anchored round halvings: Analyst

    August 27, 2025

    Crypto Crashes As Bitcoin Dips Under $110K, SOL, ETH Plunge

    August 27, 2025

    Bitcoin Community Cut up: Lively Customers Fall, Whereas Vol. Up 8%

    August 27, 2025

    Kindly MD’s $5 Billion Bitcoin Wager Might Come on the ‘Expense of the Wider Altcoin Market’ – Decrypt

    August 27, 2025

    Tim Draper Doubles Down on $250,000 Bitcoin Prediction Regardless of Delays

    August 27, 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

    Key Crypto Occasions to Watch within the Week Forward

    August 11, 2025

    Key Takeaways From The SEC’s third Crypto Roundtable Focusing On Custody Points | Bitcoinist.com

    April 29, 2025

    Trump indicators crypto EOs, BoJ hikes, SOL ETF choice as we speak – Decrypt

    January 27, 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.