JPMorgan Chase CEO Jamie Dimon says he doesn’t get the appeal of stablecoins, but he also can’t afford to stay on the sidelines. Last month, JPMorgan announced it will launch a more limited version of a stablecoin that only works for JPMorgan clients; a true stablecoin would presumably be more universally accepted. “We’re going to be involved in both JPMorgan deposit coin and stablecoins to understand it, to be good at it,” Dimon said. Citigroup and Bank of America executives have also said they would get involved. Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images
JPMorgan Chase CEO Jamie Dimon says