According to Bloomberg, the deposit token is now live for institutional clients and represents U.S. dollar deposits held at the bank.
What makes this launch stand out is that the coin enables 24/7 real-time transfers through Base, Coinbase’s public blockchain network. Key participants in the pilot include Mastercard, Coinbase, and B2C2, with Coinbase preparing to accept JPM Coin as collateral.
A Bridge Between Banks and Blockchain
JPM Coin isn’t a cryptocurrency like Bitcoin or Ethereum. It’s a deposit token, meaning every coin is backed one-to-one by dollars held in a JPMorgan account. This gives it a level of stability and trust similar to fiat currency, but with the speed and transparency of blockchain. In simple terms, it lets major institutions send and settle money in seconds rather than waiting hours or days for traditional bank transfers to clear.
By using Base, JPMorgan is tapping into the same blockchain ecosystem that powers Coinbase’s on-chain products. This connection is key for institutional clients like Mastercard and B2C2, who can now move funds instantly and securely while reducing operational friction. A bank transfer that might take a weekend to process can now happen instantly, even outside normal banking hours.
JPMorgan has begun rolling out its new deposit token, JPM Coin, to institutional clients. The token represents dollar deposits at the bank and runs on Coinbase’s Base blockchain, allowing instant 24/7 payments. $JPM‘s blockchain network already moves over $3B a day pic.twitter.com/HPrMjuyXae
— Wall St Engine (@wallstengine) November 12, 2025
One early use case is collateralization. Coinbase plans to accept JPM Coin as collateral, allowing institutions to borrow, lend, or trade while maintaining exposure to dollar-backed assets. This shows how blockchain-based settlement can integrate with existing financial systems rather than replace them.
More About Base
Lamborghini Urus Racing Royale is officially live, running from November 10 to November 17. Players can now hit the track in REVV Racing 2.0 using their Lamborghini Urus SE on Base, Coinbase’s Layer-2 network.
Lamborghini Urus Racing Royale is officially LIVE! 🏁
🗓️ November 10 – November 17
Compete and climb the leaderboard in the REVV Racing 2.0 with your Lamborghini Urus SE on @Base
See you on the track, racers! pic.twitter.com/B7narWc9bq
— Motorverse (@TheMotorverse) November 10, 2025
The event invites racers to compete, climb the leaderboard, and showcase their driving skills in a fast-paced Web3 gaming experience that blends luxury, performance, and blockchain rewards. It’s a high-octane opportunity for both car enthusiasts and crypto gamers to take their Urus SE for a spin and race their way to the top.
Disclaimer
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The post JPMorgan Launches JPM Coin on Coinbase’s Base Network appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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