Traditional Finance and Crypto

The line between traditional finance and crypto rails keeps getting blurrier—and more interesting.

JPMorgan recently launched JPMD, a deposit token for institutional clients. It’s not a stablecoin—it’s deposit-insured, interest-bearing, and fully compliant. But it only works within JPMorgan’s own ecosystem for now, so its reach is still limited.

Meanwhile, Fiserv and Mastercard are rolling out FIUSD, a stablecoin designed for broader commercial use. Mastercard plans to enable FIUSD-linked cards, opening the door to spending at over 150 million merchants. That’s a significant signal that the infrastructure around stablecoins is maturing and traditional players are taking it seriously.

What’s enabling this? Regulation is starting to catch up. The proposed “Genius Act” and other stablecoin frameworks are giving banks and networks more confidence to build in this space.

Key trend to watch: Bank-native tokens are emerging, but for them to scale, we’ll need stronger interoperability standards and clearer guardrails across institutions. Still, it’s encouraging to see real traction from players who once sat on the sidelines.

Stablecoins are no longer the domain of crypto-native startups. The big guys are stepping in.  And that could reshape how value moves in the not-so-distant future.

#payments #fintech #stablecoin #digitalassets #bankinginnovation