Jamie Dimon says JPMorgan Chase will get involved in stablecoins
Jamie Dimon, CEO of JPMorgan Chase, left the US Capitol after a meeting with members of the Senate Banking, Housing and Urban Affairs Committee on De-Bank on February 13, 2025.
Tom Williams | CQ-Rluk Call, Inc. | Getty Images
JPMorgan Chase CEO Jamie Dimon said Stablecoins couldn’t get the charm, but she couldn’t afford to stay on the sidelines.
Dimon gave Dimon on Tuesday during a gain conference meeting on whether the company, the largest and most influential US bank, has explored payment technology.
Stablecoins, as the name implies, is a type of crypto currency designed to maintain a fixed value fixed to a Fiat currency such as US dollar. Last month, JPMorgan announced that it will start a more limited version of a Stablecoin that works only for JPMorgan customers; A real stablecoin will probably be accepted more universally.
“We will be involved in both JPMorgan deposit mine lightning and stablecoins to be good, to be good.” He said. “I think it’s the truth, but I don’t know why you want [use a] Stablecoin is just unlike payment. “
69 -year -old Dimon is one of the most vocal competitors of some crypto currencies such as Bitcoin. However, in the global payment industry, a Juggernaut helps to carry about $ 10 trillion a day, and therefore makes sense that they will discover Stablecoins at a time when the regulatory framework of the technology is opened.
Dimon said on Tuesday that his inability to do so could create the ground for the Fintech players who want to re -create the elements of the regulated financial ecosystem.
“You know, these guys are very smart, Dim Dimon Fintech said from his rivals. “They are trying to find a way to create bank accounts, enter payment systems and reward programs. We must be aware of it. And the way to be cognitive is to be.”
Stablecoins can offer a potentially faster and cheaper payment on traditional banking rails, including dozens of years of years of settling, which are usually decades to settle.
Bank of America CEO Brian Moynihan said that his company would join Stablecoins.
One way may be that traditional banks cooperate through common Early Warning Services. Zelle is similar to that they come together to present Zelle as a way to defend the grass for inter -spousal payments. Paypal And To obstruct’S Cash application.
When a possible cooperation between banks on Tuesday, Dimon refused to give a certain answer.
“This is a great question and we will leave it as a question.” He said. “You can assume that we are thinking of all this.”
