JPMorgan Chase: Regulatory agencies outside the United States prefer tokenized bank deposits over stablecoins

Odaily Planet Daily News: Morgan Stanley analyzed that regulatory agencies in multiple countries, including the Bank of England, tend to support non anonymous tokenized bank deposits rather than stablecoins, as the former settle at face value and are more in line with the "singularity" principle of fiat currencies. Although stablecoins still have advantages in liquidity and convenience, JPM is currently testing a licensed token deposit product called JPMD at Base. （TheBlock）