JPMorgan Bank is preparing to launch the JPMD stablecoin by the end of the year
Date: 2025-07-16 Author: Gabriel Deangelo Categories: BUSINESS
The bank's CEO Jamie Dimon said that the new initiative to issue its own stablecoin is an important part of the overall strategy to introduce blockchain into banking services. According to him, it is no longer possible to ignore the rapid growth of the digital asset industry, the total volume of which reached $263 billion by mid-2025.
The new token, called JPMD, will operate on the Base blockchain, a network developed by Coinbase and built on Ethereum technology. The main purpose of the stablecoin is to make settlements and transfers between corporate clients faster and easier.
The bank's CFO Jeremy Barnum emphasized that the main goal of JPMorgan is not just to master advanced technology, but also to gain a foothold among the industry leaders. He noted that JPMD compares favorably with popular stablecoins USDT and USDC due to its close integration with existing banking processes and infrastructure. This approach, according to Barnum, will help reduce costs and speed up settlements in over-the-counter b2b transactions. Currently, more than 70% of the bank's corporate payments are already accounted for by the use of stablecoins.
Nikolaos Panigirtzoglou, responsible for the strategy on global markets at JPMorgan, shared an assessment of the market dynamics. Since the beginning of this year, the capitalization of stablecoins has demonstrated stable growth - an average of 0.45% weekly. If the trend continues, then by 2028 the stablecoin market is capable of exceeding the $500 billion mark.
Thus, the launch of JPMD can be considered a logical step for the bank against the backdrop of increasing demand for reliable digital assets and the rapid development of the industry. Experts believe that the new instruments will allow JPMorgan not only to retain its clients, but also to offer them more favorable conditions for conducting international transactions and settlements.
In the near future, the bank's management promises to share additional information about the release dates and details of using the new stablecoin. However, it is already clear that JPMorgan is serious and ready to invest in technologies that just a few years ago seemed like a distant future for the traditional banking sector.
