摩根大通在Coinbase的基礎上以JPMD進入加密貨幣空間，這表明了區塊鏈機構採用的變化。這會重新定義穩定的嗎？

JPMorgan, Coinbase, and Stablecoins: A New Era of On-Chain Banking?

JPMORGAN，COINBASE和Stablecoins：鏈上銀行業的新時代？

The buzz is real: JPMorgan is diving deeper into crypto, teaming up with Coinbase to launch JPMD, a deposit token, on Coinbase's Base. This move signals a potential game-changer for institutional finance and the adoption of blockchain technology.

嗡嗡聲是真實的：摩根大通（JPMorgan）正在更深入地進入加密貨幣，並與Coinbase合作，在Coinbase的基地上推出了JPMD（押金令牌）。此舉標誌著機構融資和採用區塊鏈技術的潛在改變遊戲規則。

JPMD: Not Your Average Stablecoin

JPMD：不是您的平均穩定性

Forget what you know about your typical stablecoin. JPMD isn't exactly trying to be Tether (USDT) or Circle (USDC). Instead, it's designed as a USD deposit token for JPMorgan's institutional clients. Think of it as a permissioned token, available only to approved big players, facilitating speedy, secure transactions 24/7.

忘記您對典型的穩定的了解。 jpmd並不是要完全試圖成為束縛（USDT）或Circle（USDC）。取而代之的是，它是為摩根大通的機構客戶設計的美元存款令牌。將其視為允許的令牌，僅用於批准的大玩家，促進24/7的快速安全交易。

Naveen Mallela, global co-head of Kinexys at J.P. Morgan, envisions institutions using JPMD for on-chain digital asset settlement and cross-border business-to-business transactions. Plus, the potential for interest-bearing deposits makes it even more appealing for institutions already using traditional deposit products.

JP Morgan的Kinexys全球共同負責人Naveen Mallala設想了使用JPMD進行鏈接數字資產結算和跨境企業對企業對企業交易的機構。另外，承擔利息存款的潛力使得對已經使用傳統存款產品的機構更具吸引力。

Coinbase's Role: Building the On-Ramp

Coinbase的角色：建立坡道

Coinbase's Base, an Ethereum layer-2 solution, is the chosen blockchain for JPMD. This partnership highlights Coinbase's growing influence in the crypto space, solidifying its position as a leader in bridging traditional finance and decentralized technologies. Why Coinbase? JPMorgan cites their existing client relationship and Coinbase's leadership in crypto.

Coinbase的基座是一種以太坊2層解決方案，是JPMD所選的區塊鏈。該合作夥伴關係強調了Coinbase在加密貨幣領域的不斷增長，鞏固了其作為彌合傳統金融和分散技術的領導者的地位。為什麼要共同插件？摩根大通（JPMorgan）引用了他們現有的客戶關係和Coinbase在加密貨幣的領導。

Stablecoins in the Spotlight: Regulation on the Horizon

聚光燈下的穩定幣：地平線上的調節

The timing is interesting. The US Senate is on the verge of approving the GENIUS Act, which would introduce formal regulation for stablecoins. While JPMD isn't a stablecoin in the classic sense, this regulatory push underscores the growing importance and mainstream acceptance of digital currencies. The EU already has its MiCA regulations, and the UK is also exploring crypto regulations.

時機很有趣。美國參議院即將批准《天才法》，該法案將對穩定者提出正式的法規。雖然JPMD在經典意義上並不是一個穩定的人，但這種法規推動強調了數字貨幣對數字貨幣的越來越重要和主流的接受。歐盟已經有其云母法規，英國也正在探索加密法規。

JD.com's Stablecoin Vision

JD.com的Stablecoin願景

JD.com founder Richard Liu wants to use stablecoins to slash cross-border e-commerce transaction costs by a whopping 90%. “We hope that JD stablecoin will become a universal payment method worldwide.” This shows the broader potential of stablecoins beyond just trading and investment.

JD.com創始人Richard Liu希望使用Stablecoins將跨境電子商務交易成本削減90％。 “我們希望JD Stablecoin將成為全球的普遍支付方法。”這表明了穩定劑的廣泛潛力，而不僅僅是交易和投資。

A Personal Take: The Future is Hybrid

個人看法：未來是混合的

While JPMorgan CEO Jamie Dimon has been famously critical of Bitcoin, the bank's actions speak louder than words. By embracing blockchain technology through JPMD, JPMorgan is acknowledging the inevitable convergence of traditional finance and crypto. I believe we're moving towards a hybrid model where institutions leverage the benefits of blockchain while maintaining ties to existing banking systems. The “permissioned” aspect of JPMD might be a necessary step for widespread adoption, offering a level of control and security that traditional institutions demand.

儘管摩根大通首席執行官傑米·戴蒙（Jamie Dimon）對比特幣的批評著名，但該銀行的舉動勝於雄辯。通過通過JPMD擁抱區塊鏈技術，JPMorgan承認了傳統金融和加密的不可避免的融合。我相信，我們正在朝著一種混合模型邁進，機構在維持與現有銀行系統的關係的同時利用區塊鏈的好處。 JPMD的“許可”方面可能是廣泛採用的必要步驟，提供了傳統機構要求的控制水平和安全性。

The Bottom Line

底線

JPMorgan's move into the stablecoin-ish world with JPMD is a significant step. Paired with Coinbase's Base and potential regulatory clarity, this could be the start of a new era in on-chain banking. So, buckle up, folks! The future of finance is looking more and more digital every day. And hey, maybe one day, even Jamie Dimon will be a believer. Stranger things have happened, right?

摩根大通（JPMorgan）帶著jpmd進入穩定世界的世界是重要的一步。與Coinbase的基礎和潛在的監管清晰度相結合，這可能是鏈上銀行業新時代的開始。所以，搭扣，伙計們！金融的未來每天都在看越來越多的數字化。嘿，也許有一天，即使傑米·戴蒙（Jamie Dimon）也會成為信徒。陌生人的事情發生了，對嗎？