JPMorgan Warns Interest-Bearing Stablecoins Could Undermine Banks
Stablecoins took heart stage throughout JPMorgan Chase’s fourth-quarter earnings name this week, as executives voiced assist for blockchain innovation whereas drawing a agency line in opposition to stablecoin designs that mirror conventional financial institution deposits. Key Takeaways: JPMorgan backs blockchain innovation however warns yield-bearing stablecoins mimic financial institution deposits with out oversight. The financial institution…
