15: The JP Morgan Stablecoin Project – Interview with Bianca Bates – Head of Payments JP Morgan Aust & NZ
Jul 17, 2022•28 min•Season 1Ep. 15
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Episode description
Every global organisation should consider using stablecoins – there are tangible benefits available right now. Hear how JP Morgan is helping global companies like Siemens manage their working capital and liquidity using the JP Morgan Coin. Some of the advantages of using this coin include 24/7 banking (no longer having to work to the “bank’s afternoon cut-off time" to get a cross-border transfer initiated), efficiency and pre-programmed actions via the smart contract. JP Morgan has always been a trail blazer in the web3 space. In 2019 they released the JPM Coin which was one of the first stablecoins.
In this session you will learn:
- What is a stablecoin
- Not every stablecoin is the same – ranging from fully-backed like Tether to algorithmic coins like Terra/Luna
- An actual case study showing how the JP Morgan Coin works and how it helps organisations
- Why the collapse of the Terra/Luna stablecoin is not the end of stablecoins
- Update on stablecoin regulation
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