JPMorgan’s Kinexys blockchain network, originally built for JPM Coin, now underpins high-volume cross-border payments with over at least $1.5 billion in daily activity.

Quotes that support claims

Now called the Kinexys Digital Payments, the JPM Coin functioned as a highly tailored stablecoin pegged 1:1 to either the U.S. dollar, the UK pound, or the euro. Kinexys was designed to improve inter- and intrabank transfers and cross-border transactions and has reportedly processed over $1.5 trillion in cumulative transactions.

JPMorgan operates a private blockchain payments network Kynexis that processes more than $2 billion in daily transaction volume.