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TheCryptoBasic @thecryptobasic on x 73.2K followers
Created: 2025-07-22 14:55:25 UTC
Famous crypto investor and author Paul Barron hails JPMorgan’s crypto-backed loan initiative as a significant validation of XRP’s legitimacy as a collateral asset.
Earlier today, the Financial Times, a leading media outlet, reported that JPMorgan Chase, which boasts an AUM of $XXX trillion, is planning to offer crypto-backed loans.
According to insiders, JPMorgan plans to allow its users to borrow fiat currencies against their crypto holdings. The initiative, which could be unveiled as early as 2026, would enable JPMorgan Chase customers to utilize crypto assets, such as Bitcoin, Ethereum, and XRP, to obtain fiat loans.
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Related Topics investment jpmorgan chase stocks financial services stocks banks