Base is an Ethereum Layer 2 blockchain built by Coinbase.

Claim

Quotes that support claims

JPMorgan Chase, the largest bank in the United States by assets under management (AUM), with $3.8 trillion as of 2024, according to S&P Global, is testing its own dollar-pegged asset, dubbed a “deposit token,” on Coinbase’s Ethereum Layer 2, Base.
The token will launch on the Coinbase incubated Layer 2 network Base, according to multiple reports.