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Benzinga
Benzinga
Business
Erica Kollmann

Jamie Dimon Admits Big Banks Are Behind In The Stablecoin Race

Jamie Dimon JPM JPMorgan
Jamie,Dimon,Attends,Ceremony,For,Final,Steel,Beam,Wrapped,With

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon addressed a pressing question on the bank's earnings call Tuesday: Why haven't major banks collaborated to create a joint tokenized deposit solution, similar to the Zelle payments network, to counter the rise of stablecoin providers? 

What To Know: During a discussion with TD Cowen analyst Steven Alexopoulos, Dimon acknowledged the logic behind tokenized deposits for customers operating within a single bank's ecosystem. 

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