#GENIUS稳定币法案通过 Stablecoin from the crypto assets "Moussel" is evolving into a new infrastructure for global payments, with the flow of money and scenarios rapidly approaching under the wave of Compliance. As the volume of stablecoin rises quickly, cross-border payments are witnessing a complete reshaping. At the same time, regulatory policies in the United States and the Hong Kong zone have paved the way for the industry, pushing the market to accelerate growth. Under the influence of these multiple factors, the characteristics of a vast market worth a trillion Dollars have begun to emerge, with Citi predicting that the volume of stablecoin will reach 1.6 trillion - 3.7 trillion Dollars by 2030.

While the market is keeping a close eye on the US dollar stablecoin, JPMorgan Chase is venturing further into crypto by releasing 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 aims to act as a digital twin for commercial bank deposits. GPMD will provide 24-hour settlement services to customers and support interest payments to owners. It's an "authorized token," which means it's only available to JPMorgan Chase & Co. institutional clients – unlike many public-facing stablecoins. Naveen Marella, global co-president of Kinexys, the blockchain division of JPMorgan Chase, said on Tuesday: "We expect organizations to use JPMD for on-chain digital asset settlements and cross-border business transactions. "Given that deposit tokens will also accumulate in the end, this will make them more fungible with existing deposit products currently used by institutions," he added. ”