JPMorgan just crossed a dangerous line with Solana that major banks have strictly avoided until now
JPMorgan lately issued $50 million in US business paper for Galaxy Digital on Solana, with Coinbase and Franklin Templeton as patrons. The financial institution created an on-chain USCP token, settling each issuance and redemption money flows in USDC reasonably than financial institution wires. Both issuance and servicing of the deal ran totally on blockchain rails….
