JPMorgan CEO: Companies involved in stablecoins are trying to create alternatives to bank accounts

According to a report by Golden Finance, Jamie Damon of JPMorgan Chase stated in the minutes of AlphaSense's conference call that fintech companies involved in stablecoins are "very smart" and are trying to create an alternative to bank accounts and enter payment systems and reward programs. Jamie Damon explained, "JPMorgan Chase must be aware of this, and the way it becomes aware is through participation, so it will enter this field, constantly learn, and become a part of it