JPMorgan sees benefits in deposit tokens over stablecoins for industrial financial institution blockchains

JPMorgan Chase (NYSE:) and consultants Oliver Wyman took a take a look at blockchain expertise in industrial banking in a report launched Feb. 9. Stablecoins and central financial institution digital currencies (CBDCs) have dominated within the sphere to this point, however the authors level out the benefits provided by deposit cash when it comes to stability and reliability.

Deposit tokens are issued on a blockchain by a depository establishment to characterize a deposit declare. This contrasts with stablecoins, generally issued by a non-bank non-public entity, and CBDCs. This distinction within the issuer is a key benefit:

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