Walmart and Amazon are considering issuing their own stablecoins, which would allow their customers to sidestep traditional payment methods on their online stores. 

https://www.wsj.com/finance/banking/walmart-amazon-stablecoin-07de2fdd

Exclusive | Walmart and Amazon Are Exploring Issuing Their Own Stablecoins

Walmart and Amazon are considering issuing their own stablecoins, which would allow their customers to sidestep traditional payment methods on their online stores.   https://www.wsj.com/finance/banking/walmart-amazon-stablecoin-07de2fdd

Cyril

JPMorgan will launch a U.S. dollar token on Base, a blockchain developed by Coinbase, offering an alternative to stablecoins like Tether and Circle’s USDC.

The token, called JPMD, represents dollar deposits at the bank. It will allow approved institutional clients to transfer funds between each other almost instantly. Deposit tokens differ from stablecoins because they reflect deposits held at a bank. Stablecoins, by contrast, are typically backed 1:1 by cash and short-term Treasurys.

The launch on Coinbase’s blockchain allows JPMorgan to offer its deposit token beyond its internal systems to eventually target a broader user base. It signals upcoming competition from banks against popular stablecoin issuers Tether and Circle. Some banks, including French bank Société Général, plan to issue their own stablecoins targeting crypto users. The U.S. Congress is deliberating laws to regulate the issuance of stablecoins.

Separately, JPMorgan executives met with the SEC today and discussed potential impact of capital markets activity migrating to public blockchain, according to a meeting log.

https://x.com/base/status/1935055475252543823?utm_campaign=%5BREBRAND%5D+%5BTI-AM%5D+Th&utm_content=1095&utm_medium=email&utm_source=cio&utm_term=124

Financial companies are also looking into stablecoins. The Depository Trust and Clearing Corp., the clearinghouse that processes U.S. stock trades, along with a consortium of big banks including JPMorgan Chase, Bank of America, Citigroup and Wells Fargo, are considering whether to issue the coins.

https://www.theinformation.com/articles/financial-markets-giant-dtcc-explores-stablecoin?utm_campaign=%5BREBRAND%5D+%5BTI-AM%5D+Th&utm_content=1095&utm_medium=email&utm_source=cio&utm_term=124&rc=gzsl71

Financial companies are also looking into stablecoins. The Depository Trust and Clearing Corp., the clearinghouse that processes U.S. stock trades, along with a consortium of big banks including JPMorgan Chase, Bank of America, Citigroup and Wells Fargo, are considering whether to issue the coins.  https://www.theinformation.com/articles/financial-markets-giant-dtcc-explores-stablecoin?utm_campaign=%5BREBRAND%5D+%5BTI-AM%5D+Th&utm_content=1095&utm_medium=email&utm_source=cio&utm_term=124&rc=gzsl71

A little-known company at the heart of the U.S. financial system is exploring issuing a stablecoin that could accelerate the use of digital assets across markets, according to people with knowledge of its plan. The Depository Trust and Clearing Corp., the clearinghouse that processes U.S. stock ...

Financial Markets Giant DTCC Explores a Stablecoin

Sam Mendoza

JPMorgan will launch a U.S. dollar token on Base, a blockchain developed by Coinbase, offering an alternative to stablecoins like Tether and Circle’s USDC.  The token, called JPMD, represents dollar deposits at the bank. It will allow approved institutional clients to transfer funds between each other almost instantly. Deposit tokens differ from stablecoins because they reflect deposits held at a bank. Stablecoins, by contrast, are typically backed 1:1 by cash and short-term Treasurys.  The launch on Coinbase’s blockchain allows JPMorgan to offer its deposit token beyond its internal systems to eventually target a broader user base. It signals upcoming competition from banks against popular stablecoin issuers Tether and Circle. Some banks, including French bank Société Général, plan to issue their own stablecoins targeting crypto users. The U.S. Congress is deliberating laws to regulate the issuance of stablecoins.  Separately, JPMorgan executives met with the SEC today and discussed potential impact of capital markets activity migrating to public blockchain, according to a meeting log.  https://x.com/base/status/1935055475252543823?utm_campaign=%5BREBRAND%5D+%5BTI-AM%5D+Th&utm_content=1095&utm_medium=email&utm_source=cio&utm_term=124

J.P. Morgan is bringing banking onchain.  Kinexys by @jpmorgan is launching JPMD, a USD deposit token for institutional clients, on Base.  It will be the first token of its kind on a public blockchain, enabling fast, secure, 24/7 money movement between trusted parties.

Base on X: "J.P. Morgan is bringing banking onchain.  Kinexys by @jpmorgan is launching JPMD, a USD deposit token for institutional clients, on Base.  It will be the first token of its kind on a public blockchain, enabling fast, secure, 24/7 money movement between trusted parties." / X

Cyril

A group of likeminded people in Crypto are talking about this.