JPMorgan CEO reiterates support for stablecoins: does not recognize Bitcoin but prioritizes customer demand.

JPMorgan CEO Jamie Dimon recently expressed his support for stablecoins in an interview with CNBC, while reiterating his skepticism about Bitcoin. He pointed out that stablecoins have advantages in payment efficiency that traditional cash cannot match, and emphasized that the needs of bank customers take precedence over personal preferences. JPMorgan recently partnered with mainstream CEXs to allow customers to directly connect their bank accounts to crypto wallets. This move marks the bank's further advancement in the digital asset space, even though its leader remains reserved about Bitcoin.

Dimon: Stablecoins are superior to cash, but I don't trust Bitcoin In an interview with CNBC, Jamie Dimon stated, "Stablecoins can do things that traditional cash cannot do." Although he personally does not recognize Bitcoin, he emphasized that JPMorgan's digital asset strategy is customer-focused. "This is what customers want, not JPMorgan's personal preference." Dimon pointed out that the existence of stablecoins proves the practical utility of blockchain technology, which is one of the reasons why JPMorgan is willing to engage in this field.

JPMorgan continues to advance its encryption strategy and has reached cooperation with mainstream CEXs Earlier this week, JPMorgan announced an agreement with a mainstream CEX, allowing Chase Bank customers to directly connect their accounts to a cryptocurrency wallet and purchase digital assets starting in 2026. The bank will also provide the ability to exchange points for cryptocurrency, enabling users to complete exchanges "seamlessly and securely." This marks a further integration of traditional banking with the cryptocurrency world.

Dimon's Shift in Attitude: From "Pet Rock" to "I Don't Tell Clients How to Spend Their Money" Although Dimon has previously referred to Bitcoin as a "pet rock," believing it to be valuable only to criminals, he is now taking a more inclusive stance in front of clients. "I personally do not believe in Bitcoin, but I also won't tell clients whether they can use their own money to buy it." This shift in stance shows that his awareness of the maturity of the encryption market and regulatory progress is also changing.

Stablecoins are becoming the focal point of mainstream financial institutions Stablecoins are digital assets that operate on the blockchain, typically pegged to fiat currencies such as the US dollar, and have very low volatility. Initially used by traders as a "bridge" in crypto trading, they have now become tools for banks, tech giants (like Meta and Amazon), and even some state governments in the US to promote payment efficiency. Dimon's support also reflects the increasing recognition of this technology in mainstream finance.

The GENIUS Act has passed, and stablecoins welcome a compliance spring This month, U.S. President Trump signed the GENIUS Act, providing a compliance framework for the issuance and trading of stablecoins. This also provides a policy basis for financial institutions like JPMorgan to engage deeply in this field. Against this backdrop, JPMorgan's collaboration with mainstream CEXs is not only a market behavior but may also be a forward-looking deployment under policy guidance.

Mainstream CEX collaborates with governments to undertake the responsibility of digital asset custody As a leading centralized exchange in the world, this mainstream CEX not only provides buying and selling services for retail investors but has also collaborated with the U.S. government to handle the custody of some seized encryption assets. The partnership with JPMorgan further strengthens its position in compliance and integration with finance, creating a convenient entry point for traditional financial users to access digital assets.

The market reaction is stable, JPMorgan slightly fell, and mainstream CEXs rose slightly On Thursday, U.S. stocks closed with JPMorgan's stock price falling by about 1%, while the mainstream CEX rose slightly by less than 1%. Although the cryptocurrency market overall did not experience significant volatility, investors remain optimistic about the long-term prospects of stablecoin collaborations with banks.

Conclusion: Although Jamie Dimon still questions the long-term value of Bitcoin, he is showing increasing openness and pragmatism towards blockchain and stablecoins. As banking gradually penetrates the encryption ecosystem and compliance frameworks become clearer, stablecoins may become an important bridge connecting traditional finance and digital assets. Encryption users should closely monitor the relevant trends of mainstream institutions.