-
Public Info posted an update 1 year, 3 months ago
Financial institutions using stablecoins have been “operating under a regulatory gray area, with few concrete moves being made due to lack of clarity and government guidance,” according to Alex Buelau, co-founder of Rayls, the blockchain for banks working with JP Morgan’s Kinexys blockchain infrastructure solution.
“Now that this is done, institutions won’t hesitate to jump, capitalizing on the opportunities that stablecoins have to offer, particularly when it comes to cross-border payments, 24/7 settlements and enhancing global, onchain liquidity,” Buelau told Cointelegraph.
On June 15, investment banking giant JPMorgan Chase filed a new US trademark application for “JPMD,” amplifying speculation of a stablecoin offering.
The filing listed services including digital asset trading, transfers, exchange, clearing and payment processing.
Video courtesy of IPO-VID In Patrick’s Opinion
Video courtesy of IPO-VID In Patrick’s Opinion
