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JP Morgan CEO: Companies involved in stablecoins are very smart; they are trying to create alternatives to bank accounts.
According to Mars Finance, Jamie Dimon of JPMorgan stated in a conference call transcript from AlphaSense that fintech companies involved in stablecoins are "very smart" as they are attempting to create an alternative to bank accounts and enter payment systems and rewards programs. Jamie Dimon explained, "JPMorgan must be aware of this, and the way to be aware is to participate, so we will enter this field, continuously learn, and become part of it." In June this year, JPMorgan launched the dollar deposit token JPMD for institutional clients to make digital payments on public blockchain. (Jin10)