JPM Coin represents US dollar deposits held at JPMorgan, enabling institutional clients to execute peer-to-peer payments and transfers 24/7 in seconds

From the articleJPMorgan expands 'JPM Coin' deposit token to Ethereum for institutional clientsAlso in JPMorgan Expands JPM Coin to Ethereum for Institutional Payments, JPMorgan Brings Deposit Token JPM Coin to Ethereum for Institutional Clients, JPMorgan Expands JPM Coin to Ethereum for Institutions, JPM Coin, JPMorgan's token for dollar deposits, is coming to Ethereum