JPMorgan Plans to Bring Dollar Deposit Token JPM Coin to Ethereum
Edited by Steinar Vigdel Kolnes, Editor, Oslo
JPMorgan is preparing to expand JPM Coin to Ethereum to reach more institutional clients, according to a Bloomberg report cited by CoinDesk.
JPMorgan plans to make its JPM Coin deposit token available on Ethereum, according to Bloomberg, as reported by CoinDesk.
The token represents U.S. dollar deposits at the bank. The planned move would extend its availability to the Ethereum network.
The expansion is intended to serve a broader range of institutional clients. The report excerpt did not provide a launch date or further details about access.
Source: CoinDesk
