JPMorgan Embraces Stablecoins, Plans Institutional Integration for Crypto Adoption

JPMorgan Chase has taken a significant leap in its approach to cryptocurrency by acknowledging the legitimacy of stablecoins and planning to integrate them into institutional finance. CEO Jamie Dimon’s recent shift in stance signifies a potential surge in institutional crypto adoption. The bank aims to utilize stablecoins, Bitcoin, and Ethereum as collateral by late 2025.