#GENIUS稳定币法案通过 stablecoin is upgraded from the encryption asset "connector" to a new infrastructure for global payments. Under the wave of Compliance, incremental funds and scenarios are about to leap rapidly. With the rapid growth of stablecoin scale, cross-border payments are ushering in a new paradigm reconstruction. At the same time, regulatory policies in the United States and Hong Kong have broken the deadlock, opening up the incremental ceiling for the industry and accelerating market development. Driven by multiple factors, a trillion-dollar market space is beginning to take shape, with Citibank predicting that by 2030, the scale of stablecoins will reach $1.6 trillion to $3.7 trillion.

At a time when the market is keeping a close eye on the US dollar stablecoin, JPMorgan Chase is further venturing into the crypto space with the launch of a stablecoin-like token called JPMD. On June 17, local time, JPMorgan Chase revealed that it plans to launch a so-called "deposit token" on Cb's public blockchain Base. Each deposit token is intended to serve as a digital twin of commercial bank deposits. JPMD will provide 24-hour settlement services to customers and support interest payments to holders. It's a "permissioned token," meaning it's only available to JPMorgan Chase & Co.'s institutional clients – unlike many public-facing stablecoins. Naveen Marella, global co-head of Kinexys, the blockchain division of JPMorgan Chase, said on Tuesday: "We expect institutions to use JPMD for on-chain digital asset settlements and cross-border business-to-business transactions. He added: "Given that deposit tokens will also eventually accrue interest, this will make them more fungible with existing deposit products currently used by institutions." ”