On November 7th, CEO Jamie Dimon acknowledged stablecoin trading’s legitimacy, signaling a significant transition for the bank. By late 2025, JPMorgan aims to use Bitcoin and Ethereum as collateral as part of a broader crypto integration for institutional clients.
This integration could enhance liquidity and acceptance of major cryptocurrencies, particularly Bitcoin and Ethereum, as well as stablecoins like USDC and USDT. Dimon emphasized the reality of blockchain and smart contracts, marking a pivotal moment in financial services.
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