Stablecoins & Payments Unverified First seen 2026-10-19 07:53 UTC

JPMorgan extends JPM Coin deposit token to Ethereum for institutions

The Block reported that JPMorgan expanded its USD-denominated JPM Coin deposit token to Ethereum, enabling peer-to-peer transfers within the Ethereum Virtual Machine ecosystem, including Base. The Defiant reported the same extension, noting the bank-issued dollar token remains restricted to approved counterparties and brings permissioned bank money onto another public blockchain.

Why “Unverified”

2 independent sources (The Defiant, The Block), but no primary confirmation

2 independent source groups across 2 posts · evidence score 81/100. How labels work

What the sources claim

JPMorgan expanded its USD-denominated JPM Coin deposit token to Ethereum for institutional clients.

“JPMorgan expands ‘JPM Coin’ deposit token to Ethereum for institutional clients”
The Block
The deposit token now supports peer-to-peer transfers within the Ethereum Virtual Machine ecosystem, including Base.

“now supports peer-to-peer transfers within the Ethereum Virtual Machine ecosystem, including Base”
The Block
The bank-issued dollar token remains restricted to approved counterparties.

“The bank-issued dollar token remains restricted to approved counterparties”
The Defiant

Sources

The Defiant newswire 2026-10-19 07:53 UTC
JPMorgan Extends JPM Coin to Ethereum for Institutional Clients
The Block newswire 2026-10-19 08:31 UTC
JPMorgan expands ‘JPM Coin’ deposit token to Ethereum for institutional clients

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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-19 08:40 UTC. Labels are computed from the sources, not by the model.