JPMorgan: Dimon's Crypto U-Turn, GENIUS Act On Deck

  • JPMorgan's JPMD stablecoin on Coinbase's Base blockchain could revolutionize dollar digitization and boost deposit growth. Jamie Dimon shifted from crypto skeptic to pioneer, positioning JPMorgan as a first mover in stablecoins. Stablecoins may enable foreign investors to enter dollars, expanding JP Morgan's global client base.