JPMorgan's making a bold move into the digital dollar space. The banking giant is rolling out JPM Coin—a USD-backed deposit token—directly onto the Canton Network. Here's what matters: institutions can now issue, transfer, and settle regulated digital dollars on a privacy-focused chain. This isn't just another stablecoin announcement. It signals traditional finance taking privacy chains seriously for institutional settlement. The Canton Network's infrastructure gets validated at scale when a tier-one bank deploys native capabilities. For the ecosystem, it's a watershed moment—regulated dollar rails meeting decentralized infrastructure. Institutions suddenly have a sanctioned pathway to digital asset operations without abandoning compliance frameworks.