JPMORGAN LAUNCHES JPM COIN ON COINBASE'S BASE NETWORK

Summary from the TLDR Crypto newsletter

JPMorgan is rolling out JPM Coin on Coinbase's Ethereum L2, Base, introducing a new class of interest-bearing deposit tokens backed by bank funds. These tokens enable instant, 24/7 settlements and will be accepted as collateral on Coinbase, following a successful pilot with Mastercard and B2C2. Other major banks like BNY Mellon and HSBC are pursuing similar products. This move underscores how Ethereum has become the preferred settlement layer for global finance.