Jamie Dimon just gave a big thumbs up to stablecoins—but still doesn’t back Bitcoin
The CEO of JPMorgan Chase gave a shout out on Wednesday to stablecoins, one of the buzziest sectors in the crypto. “I’m a believer in stablecoins, believer in blockchain, not personally, a believer in Bitcoin itself,” Jamie Dimon said in an interview with CNBC.
He added that his bank “will have” a stablecoin, or cryptocurrency pegged to underlying assets like the U.S. dollar. “There are things that stablecoins maybe can do that your traditional cash can’t,” Dimon said, adding later: “It’s what the customer wants. It’s not what JPMorgan personally wants.”
Dimon has long drawn a distinction between the technology of blockchain, or decentralized ledgers, and Bitcoin, the world’s largest cryptocurrency. His…
