JPMorgan expands JPM Coin to Base for institutional payments

JPMorgan has expanded the utility of its JPM Coin for institutional clients, Bloomberg reported. According to the bank, the deposit token is issued based on U.S. dollar deposits and now supports real-time payments via Base, Coinbase's public blockchain. Since 2023, JPMorgan has used JPM Coin to facilitate tokenized U.S. dollar and euro deposit transfers between its corporate clients.