JPMorgan pushes JPMD pilot on Base, says deposit tokens beat stablecoins

INSUBCONTINENT EXCLUSIVE:
who told Bloomberg that a fixed amount of JPMD tokens will be transferred to crypto exchange Coinbase in the coming days.The transfer will
gain access to JPMD for transactions, according to Mallela.Related: Base briefly nears 1,000 TPS, making it speed competitive with SolanaThe
pilot testing was announced days after JPMorgan filed a trademark application for JPMD, which outlined a range of crypto-related services,
bank accounts
Bloomberg, noting that their fractional reserve backing makes them more scalable.The executive noted that JPMD could potentially pay
interest in the future, setting it apart from most stablecoins, which typically do not generate yield.However, yield-bearing stablecoins may
disrupt traditional financial models.Austin Campbell says yield-bearing stablecoins could disrupt traditional banking
Source: Austin CampbellAccording to sources close to the banking lobby, New York University professor Austin Campbell said banking