
JPMorgan Chase and Coinbase Partner to Pilot JPMD Digital Currency
This past Tuesday, perhaps unsurprisingly, JPMorgan Chase partnered with Coinbase to announce an entirely different pilot program—one that’s way more exciting. They announced JPMD, a new digital currency created for institutional clients. Unlike stablecoins, JPMD will not be backed 1:1 by the U.S. dollar. Instead, it’s going to use liquidity...