Rebel Capitalist News JPM Launches New Crypto (Dystopian Coin)
Jun 18, 2025
JP Morgan has launched a new cryptocurrency aimed at streamlining cross-border transactions, raising eyebrows about its largely unregulated blockchain. The conversation dives into the risks associated with this innovation, including potential regulatory concerns and privacy issues. Experts weigh in on the broader implications of consolidating financial ledgers and what it means for the future of digital currencies. A thought-provoking discussion on the balance between efficiency and the need for oversight takes center stage.
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JP Morgan's JPMD Token Launch
- JP Morgan has launched JPMD, a digital token representing dollar deposits but not liabilities themselves.
- This system enables net settlement on a blockchain, potentially bypassing traditional regulatory constraints.
Consolidated Ledgers Enable Control
- Consolidating transactions onto a single ledger may centralize control similar to a central bank digital currency (CBDC).
- The real concern is about ledger consolidation, not just the digital currency itself.
JPM Deposit Tokens vs Stablecoins
- JPM's deposit tokens offer a scalable, institutional alternative to stablecoins linked to fractional banking.
- This reflects a digital replication of existing net settlement but on novel blockchain rails.