JPMorgan is planning to offer crypto-backed loans and increase its involvement in stablecoins. What does it mean for the digital asset space?

World’s largest bank, JPMorgan Chase, is weighing plans for a new policy that would allow it to lend against clients’ cryptocurrency holdings, signaling a major turning point in the traditional banking sector’s embrace of digital assets.

JPMorgan is considering giving loans backed by bitcoin and ether, even as its CEO Jamie Dimon remains skeptical of crypto; the move shows growing bank interest in digital assets