The Argentine banking group is already participating in the testing of JPM Coin (JPMD), a token created by JP Morgan that maintains price parity with the US dollar.
Maximiliano Cohn, CIO of CMF Bank (one of these test participants), said in a statement to iProUP that this first phase: Banks are working on integrating services to verify improvements in settlement times and interbank reconciliation..
Cohn said the testing will be done “without money and with compensation in the traditional way, but the registration of operations will be done with on-chain technology.”
The goals set are Implement closed-loop distributed ledger technology -Only between participating institutions- Reduce costs and increase operational speed. Cohn said improved trial periods would allow banks to provide greater security and better time for both their own operations and those of their customers.
In a conversation with the aforementioned information portal, Taquion analyst Diego Kupferberg emphasized: JPM Coin’s goal is to reduce operational frictionto realize “improved efficiency in international remittances.” This is due to “reducing intermediaries, reducing costs and time.”
JPM Coin is different from “public” stablecoins such as Tether USD (USDT) and USD Coin (USDC). The tokens created by JP Morgan are for use only by banking institutions and are backed by funds owned by banking institutions. Only affiliated banks can operate it.
As for the test in Argentina, there is no official information yet on which banks besides CMF are participating. iProUP notes that “Galicia, BIND and Comafy are also speculated to be participating in this sector.”
As reported by CriptoNoticias, JPM Coin was launched in November 2025. The token was developed at Basethe second layer of Ethereum created by American exchange Coinbase.
(Tag Translation) Argentina
