Banks with strong digital capabilities are best positioned to issue stablecoins individually, enabling differentiated digital currency services, according to the Korea Institute of Finance, which highlights the advantages of individual issuance for market leadership and innovation.
#YonhapInfomax #Stablecoin #DepositToken #KoreaInstituteOfFinance #DigitalCurrency #BankIssuance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=99261
Banks with Strong Digital Capabilities Seen as Best Suited for Individual Stablecoin Issuance

Banks with strong digital capabilities are best positioned to issue stablecoins individually, enabling differentiated digital currency services, according to the Korea Institute of Finance, which highlights the advantages of individual issuance for market leadership and innovation.

Yonhap Infomax
South Korea’s central bank and industry experts clashed over the introduction of won-based stablecoins, with the Bank of Korea warning of risks to monetary policy and regulatory frameworks, while industry leaders called for swift adoption to foster innovation.
#YonhapInfomax
#Stablecoin #BankOfKorea #MonetaryPolicy #BigTech #DepositToken
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=76983
Diverging Views on Stablecoins—Bank of Korea Warns of Threats to Monetary Sovereignty and Interest Rate Policy

South Korea's central bank and industry experts clashed over the introduction of won-based stablecoins, with the Bank of Korea warning of risks to monetary sovereignty and interest rate policy, while industry leaders called for regulatory frameworks to foster innovation and meet emerging demand.

Yonhap Infomax

JPMorgan Chase is piloting "JPMD" - a deposit token—a digital representation of a bank deposit that is managed with blockchain. JPMD will be issued on Base, a public Ethereum-based blockchain managed by Coinbase.

The token, exclusively available to JPMorgan’s institutional clients, which include corporations and pension funds, will be used to settle transfers 24hrs. per day and make cross-border business-to-business payments.

This is NOT a stablecoin, JPMD will be backed by “the same liquidity frameworks as traditional banks,” according to the Bank.

https://finance.yahoo.com/news/jpmorgan-chase-partners-coinbase-launch-175104015.html #Crypto #JPMorgan #Banking #DepositToken #DigitalToken #CoinBase #Base #blockChain #Ethereum

JPMorgan Chase & Co. has launched the JPMD deposit token on Coinbase's Base blockchain, offering 24/7 settlement and interest for institutional clients, distinguishing it from public stablecoins and expanding the bank's digital asset initiatives.
#YonhapInfomax #JPMorganChase #JPMD #DepositToken #Stablecoin #BaseBlockchain #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=67994
JPMorgan Issues JPMD Deposit Token, Distinguishes Itself from Stablecoins

JPMorgan Chase & Co. has launched the JPMD deposit token on Coinbase's Base blockchain, offering 24/7 settlement and interest for institutional clients, distinguishing it from public stablecoins and expanding the bank's digital asset initiatives.

Yonhap Infomax