JPMorgan Chase has reportedly frozen bank accounts linked to two venture-backed stablecoin startups after identifying exposure to sanctioned and high-risk jurisdictions.
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JPMorgan Chase has reportedly frozen bank accounts linked to two venture-backed stablecoin startups after identifying exposure to sanctioned and high-risk jurisdictions.
These companies are being linked to Venezuela thus JP is pulling the plug.
JP Morgan is shutting competition out. Even tether doesn’t have the resources to take on JP.
While I do think stables will be better than ACH and wires it still won’t ever compete with bitcoin.
~lol