摩根大通在Coinbase的基础上以JPMD进入加密货币空间，这表明了区块链机构采用的变化。这会重新定义稳定的吗？

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

JPMORGAN，COINBASE和Stablecoins：链上银行业的新时代？

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.

嗡嗡声是真实的：摩根大通（JPMorgan）正在更深入地进入加密货币，并与Coinbase合作，在Coinbase的基地上推出了JPMD（押金令牌）。此举标志着机构融资和采用区块链技术的潜在改变游戏规则。

JPMD: Not Your Average Stablecoin

JPMD：不是您的平均稳定性

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.

忘记您对典型的稳定的了解。 jpmd并不是要完全试图成为束缚（USDT）或Circle（USDC）。取而代之的是，它是为摩根大通的机构客户设计的美元存款令牌。将其视为允许的令牌，仅用于批准的大玩家，促进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全球共同负责人Naveen Mallala设想了使用JPMD进行链接数字资产结算和跨境企业对企业对企业交易的机构。另外，承担利息存款的潜力使得对已经使用传统存款产品的机构更具吸引力。

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的基座是一种以太坊2层解决方案，是JPMD所选的区块链。该合作伙伴关系强调了Coinbase在加密货币领域的不断增长，巩固了其作为弥合传统金融和分散技术的领导者的地位。为什么要共同插件？摩根大通（JPMorgan）引用了他们现有的客户关系和Coinbase在加密货币的领导。

Stablecoins in the Spotlight: Regulation on the Horizon

聚光灯下的稳定币：地平线上的调节

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.

时机很有趣。美国参议院即将批准《天才法》，该法案将对稳定者提出正式的法规。虽然JPMD在经典意义上并不是一个稳定的人，但这种法规推动强调了数字货币对数字货币的越来越重要和主流的接受。欧盟已经有其云母法规，英国也正在探索加密法规。

JD.com's Stablecoin Vision

JD.com的Stablecoin愿景

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创始人Richard Liu希望使用Stablecoins将跨境电子商务交易成本削减90％。 “我们希望JD Stablecoin将成为全球的普遍支付方法。”这表明了稳定剂的广泛潜力，而不仅仅是交易和投资。

A Personal Take: The Future is Hybrid

个人看法：未来是混合的

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.

尽管摩根大通首席执行官杰米·戴蒙（Jamie Dimon）对比特币的批评著名，但该银行的举动胜于雄辩。通过通过JPMD拥抱区块链技术，JPMorgan承认了传统金融和加密的不可避免的融合。我相信，我们正在朝着一种混合模型迈进，机构在维持与现有银行系统的关系的同时利用区块链的好处。 JPMD的“许可”方面可能是广泛采用的必要步骤，提供了传统机构要求的控制水平和安全性。

The Bottom Line

底线

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）带着jpmd进入稳定世界的世界是重要的一步。与Coinbase的基础和潜在的监管清晰度相结合，这可能是链上银行业新时代的开始。所以，搭扣，伙计们！金融的未来每天都在看越来越多的数字化。嘿，也许有一天，即使杰米·戴蒙（Jamie Dimon）也会成为信徒。陌生人的事情发生了，对吗？