Tuesday, July 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Financial Giant JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Support for Cardano and Litecoin – The Daily Hodl

28 June 2025
in Altcoin
Reading Time: 2 mins read
0 0
A A
0
Home Altcoin
Share on FacebookShare on Twitter


The banking titan JPMorgan is piloting a US dollar-backed permissioned deposit token on the Ethereum (ETH) layer-2 scaling answer constructed by the American crypto trade Coinbase.

In an announcement, Coinbase says that JPMorgan is launching the token referred to as JMPD on Base via its blockchain enterprise unit Kinexys.

“These are USD-denominated and backed 1:1 by deposits—combining the programmability of on-chain finance with the belief and compliance that regulated monetary establishments require.”

JPMorgan is launching the token to benefit from international on-chain cost rails. The monetary behemoth is becoming a member of over 200 banks, brokers, fintechs and cost suppliers that faucet on the trade’s crypto-as-a-service platform for his or her digital asset choices.

The financial institution plans to finally enable its institutional purchasers to immediately and securely transfer cash on-chain at any time for a fraction of a cent. JPMD is constructed solely for institutional purchasers, although, and isn’t accessible to retail or particular person shoppers.

Base has additionally rolled out help for the wrapped variations of Cardano (ADA) and Litecoin (LTC). In a publish on the social media platform X, Coinbase says it holds 1:1 reserves of the belongings that again cbADA and cbLTC.

“cbADA and cbLTC are actually reside on Coinbase. cbADA and cbLTC are ERC-20 tokens backed 1:1 by ADA and LTC held in custody by Coinbase.”

Comply with us on X, Fb and Telegram

Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

Test Worth Motion

Surf The Day by day Hodl Combine

&nbsp

Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any losses chances are you’ll incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in online marketing.

Generated Picture: Midjourney



Source link

Tags: BaseCardanoCoinbasesDailyDepositfinancialgiantHodlJPMorganLaunchLayer2LitecoinRollsScalerSupporttokenUSDBacked
Previous Post

$15B Bitcoin Options Expire Today: Will This Send BTC Bull Token Soaring?

Next Post

Google’s Doppl Turns Clothing Photos Into Virtual Try-Ons

Related Posts

Solana Rival SUI Gearing Up for Major Outperformance Following Correction, According to Real Vision CEO Raoul Pal – The Daily Hodl
Altcoin

Solana Rival SUI Gearing Up for Major Outperformance Following Correction, According to Real Vision CEO Raoul Pal – The Daily Hodl

30 June 2025
Alex Gladstein: Bitcoin Helps Bypass Government Control
Altcoin

Alex Gladstein: Bitcoin Helps Bypass Government Control

30 June 2025
Crypto Strategist Unveils Bitcoin Path to New All-Time High Next Month, Says Plenty of Liquidity To Trigger Run for Altcoins – The Daily Hodl
Altcoin

Crypto Strategist Unveils Bitcoin Path to New All-Time High Next Month, Says Plenty of Liquidity To Trigger Run for Altcoins – The Daily Hodl

29 June 2025
‘Bitmama’ Jailed for $23M Bitcoin Scam That Lasted 60 Days
Altcoin

‘Bitmama’ Jailed for $23M Bitcoin Scam That Lasted 60 Days

28 June 2025
XRP’s Price Dips As Judge Shoots Down Joint Bid From Ripple and the SEC To Reduce the Company’s Previously Ordered Fine – The Daily Hodl
Altcoin

XRP’s Price Dips As Judge Shoots Down Joint Bid From Ripple and the SEC To Reduce the Company’s Previously Ordered Fine – The Daily Hodl

29 June 2025
From BTC to ETH: Bit Digital’s Shift Triggers Market Slide
Altcoin

From BTC to ETH: Bit Digital’s Shift Triggers Market Slide

28 June 2025
Next Post
Google’s Doppl Turns Clothing Photos Into Virtual Try-Ons

Google's Doppl Turns Clothing Photos Into Virtual Try-Ons

APT Looking To Bottom: The End Of Aptos Crypto 2-Year Accumulation Soon?

APT Looking To Bottom: The End Of Aptos Crypto 2-Year Accumulation Soon?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

28 June 2025
솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

24 June 2025
$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

16 June 2025
Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

7 June 2025
Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

23 June 2025
Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

28 June 2025
Ethereum Price Readies for Takeoff — Bulls Eye Fresh Highs

Ethereum Price Readies for Takeoff — Bulls Eye Fresh Highs

1 July 2025
XRP Gains Ground With Wall Street as Companies Follow Bitcoin Treasury Model – Featured Bitcoin News

XRP Gains Ground With Wall Street as Companies Follow Bitcoin Treasury Model – Featured Bitcoin News

1 July 2025
DEXs capture almost 30% of CEX spot activity in June, setting new record

DEXs capture almost 30% of CEX spot activity in June, setting new record

1 July 2025
Robinhood Announces New Layer 2 Blockchain – News Bytes Bitcoin News

Robinhood Announces New Layer 2 Blockchain – News Bytes Bitcoin News

1 July 2025
OpenAI Is Fighting Back Against Meta Poaching AI Talent | Entrepreneur

OpenAI Is Fighting Back Against Meta Poaching AI Talent | Entrepreneur

30 June 2025
Dogecoin Positioning For A Run To New Thresholds As Key Chart Pattern Takes Shape | Bitcoinist.com

Dogecoin Positioning For A Run To New Thresholds As Key Chart Pattern Takes Shape | Bitcoinist.com

30 June 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$107,196.00-1.22%
  • ethereumEthereum(ETH)$2,485.85-0.57%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.231.69%
  • binancecoinBNB(BNB)$656.380.18%
  • solanaSolana(SOL)$153.661.23%
  • usd-coinUSDC(USDC)$1.000.00%
  • tronTRON(TRX)$0.2797811.04%
  • dogecoinDogecoin(DOGE)$0.164785-1.52%
  • staked-etherLido Staked Ether(STETH)$2,485.40-0.53%