According to a press release from JPMorgan, the banking giant is piloting a permissioned USD deposit token named JPMD on Base, Coinbase's Ethereum layer 2 network. This institutional-focused token, an alternative to stablecoins, marks JPMorgan's first public blockchain deployment and could enhance Ethereum (ETH) adoption by enabling sub-second, low-cost settlements, potentially boosting ETH demand and Coinbase (COIN) stock performance amid growing institutional crypto interest.

According to Milk Road, buying a Principal Token at $0.94 today and redeeming it for $1 at maturity secures a 6.4 percent fixed return with no volatility or guesswork, providing crypto traders with a reliable structured yield strategy (Source: Milk Road Twitter, May 22, 2025). This fixed-income product appeals to risk-averse investors seeking predictable gains within the digital asset ecosystem, potentially influencing stablecoin and DeFi token demand as traders look for alternatives to volatile yield farming.