TRM Labs, the blockchain intelligence firm, has reported that 99% of all stablecoin activity in 2024 was legal and compliant with regulations.

JP Morgan's JPMD token will initially be available for use by select Coinbase institutional clients, with plans to expand further ahead.

The US Senate has approved the GENIUS Act. It sets rules for stablecoins. The bill requires full reserve backing and monthly audits. It allows various firms to launch stablecoins. Senator Bill Hagerty calls it a move to modernize finance.

JD.com, the $90 billion Chinese e-commerce powerhouse, has announced an ambitious plan to reinvent how money moves across borders using stablecoins. The

JPMD will offer clients round-the-clock settlement as well as the ability to pay interest to holders. It is a so-called "permissioned token," meaning it is only available to JPMorgan's institutional clients — unlike many stablecoins, which are publicly available.

Chinese e-commerce giant JD.com says it could cut cross-border settlement costs as it plans to acquire stablecoin licenses

While the bank has not confirmed its intent to launch a new cryptocurrency, some X users believe that “JPMD” is a reference to an upcoming stablecoin offering. “Stablecoin by JPMorgan is incoming,” one user wrote in a post on X.

Some uncertainties remain around the GENIUS Act that could establish U.S. stablecoin rules, and theories abound about how Tether may respond.