JPMorgan has expanded its JPM Coin, a US dollar-denominated deposit token, to the Ethereum mainnet, enabling institutional clients to transfer funds directly on a public blockchain. This move enhances the bank's blockchain payment infrastructure by supporting peer-to-peer transfers across the Ethereum Virtual Machine ecosystem, including Ethereum and Base. Unlike private stablecoins, JPM Coin is backed by funds held within JPMorgan's banking system and is designed for institutional use, not retail trading. This expansion signals growing institutional adoption of public blockchains for continuous settlement and adds liquidity to the tokenized asset ecosystem on Ethereum and Layer-2 networks.
JPMorgan's expansion of JPM Coin to the Ethereum mainnet is notable as 23 out of 50 major cryptocurrencies on Pluang rose while 25 fell today. For readers following the cryptocurrency market, here is Pluang's snapshot as of Oct 19, 2026 18:21 WIB: EOS increased by 8.13% to Rp12.649 with a typical hold time of 87 days, SAND declined by 5.96% to Rp1.040 with a typical hold time of 123 days and a Pluang order activity of 35% Sell / 65% Buy, and CRV rose by 3.99% to Rp6.334 with a typical hold time of 62 days and Pluang order activity of 43% Sell / 57% Buy.
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