JPMorgan CFO Jeremy Barnum cautioned that stablecoins could create regulatory arbitrage, offering bank-like services without necessary oversight. He advocated for a clearer regulatory framework for digital assets, prioritizing consistency over speed.

Gate News message: On April 13, JPMorgan Chase will expand JPM Coin to the Canton Network this year via Kinexys. The network currently processes more than $350 billion per day in U.S. Treasury repo settlement.

Gate News message, April 7: in Argentina, multiple domestic banks have already begun testing JPM Coin, a deposit token from JPMorgan Chase. JPM Coin is a deposit token product designed by JPMorgan Chase specifically for institutional users. At present, Banco CMF has confirmed that it is one of the financial institutions participating in the tests. The institution plans to apply JPM Coin to its backend settlement workflows to improve settlement speed and efficiency.

Barclays is evaluating the possibility of building a blockchain platform aimed at handling payments and related banking services, with vendor selection expected to be completed by April. The application of stablecoins in the payments sector continues to expand, and related transaction volumes are projected to exceed $50 trillion by 2030. Several banks, such as JPMorgan and HSBC, are also entering this space.