Big banks have been weighing an entry into the stablecoin market as the US Congress debates digital assets regulation. JPMorgan Chase, the largest bank in the United States with $3.6 trillion in assets, has plans to “to be involved in […] stablecoins,” CEO Jamie Dimon said on Tuesday during an earnings conference call. According to Dimon, JPMorgan’s move into the stablecoin space is partly driven by competition from fintech companies, which are increasingly trying to replicate features of the traditional financial system. “We’re going to be involved in both JPMorgan deposit coin and stablecoins to understand it, to be good at it,” Dimon said. “I think they’re real, but I don’t know why you’d want to [use a] stablecoin as opposed to just payment.” Read more
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ISLAMABAD: The Benazir Income Support Programme (BISP) has introduced an extensive awareness initiative across Pakistan to educate citizens on the registration process for its dynamic survey, a pivotal passage to access financial assistance under the Benazir Kafalat Program, ARY News reported. The Benazir Kafalat Program was launched in 2008 and has been a top initiative […]
US President Donald Trump said Tuesday that Ukraine should not target Moscow, after the Kremlin charged that a new US plan to supply weapons to Kyiv along with sanctions threats against Russia would delay peace efforts.US President Donald Trump said Tuesday that Ukraine should not target Moscow, after the Kremlin charged that a new US […]
RAWALPINDI: The Superintendent of Adiala Jail said that PTI founder Imran Khan’s jail facilities exceed those typically provided to B-Class prisoners, offering him a range of high-end perks during his imprisonment, ARY News reported. In a press release issued by the administration of Adiala jail, Imran Khan’s jail facilities include a secure seven-cell complex with […]