JPMorgan will test its own stablecoin along with corporate clients

JPMorgan will test its own stablecoin along with corporate clients

JPMorgan, a large American financial holding, will start testing its stablecoin among corporate clients. It is reported by Bloomberg Japan.

According to the publication, the head of blockchain-development of JPMorgan Umar Farooq said that customers will take part in testing technology aimed at speeding up transactions, in particular, payments between companies and transactions with bonds. In this case, the relevant processes will begin only with the permission of regulators.

According to him, customers from the USA, Europe, and Japan are already interested in the tool.

Recall information about the launch of JPMorgan own stablecoin appeared in February. The coin is based on the Quorum blockchain, a private version of Ethereum, developed by the bank.

It is also expected that, over time, stablecoin will be pegged not only to the US dollar but also to other currencies.

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