News about ETH

JPMorgan has made its JPM Coin, a permissioned USD deposit token, available to institutional clients on the Ethereum mainnet from October 19, 2026, after its initial launch on Base in November 2025. Access is limited to approved counterparties through the Kinexys platform, so the token serves wholesale settlement rather than free circulation. The article says the decision is driven by Ethereum's scale, with nearly $50 billion in crypto assets locked in its applications per DeFiLlama, and the move extends beyond the Kinexys network, which processes more than $7 billion in transactions daily. The timing comes ahead of the GENIUS Act's January 18, 2027 effective date, as institutions need verifiable production track records for their digital asset initiatives. Most major U.S. banks still operate on private networks, which makes JPMorgan's public-mainnet move a differentiator.