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

JPMorgan Chase (NYSE:) and consultants Oliver Wyman took a have a look at blockchain expertise in business banking in a report launched Feb. 9. Stablecoins and central financial institution digital currencies (CBDCs) have dominated within the sphere to date, 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 symbolize a deposit declare. This contrasts with stablecoins, generally issued by a non-bank personal entity, and CBDCs. This distinction within the issuer is a key benefit:

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