JP Morgan Chase CEO Jamie Dimon expressed support for stablecoins during a recent CNBC interview, describing them as potentially more useful than traditional cash, although he continued to voice skepticism about Bitcoin. Dimon acknowledged that stablecoins could fulfill customer demand in ways fiat currency could not, emphasizing that customer preferences drive the bank's approach rather than personal beliefs. Despite his reservations about Bitcoin, Dimon highlighted JP Morgan's willingness to engage in the cryptocurrency space, which includes a recent partnership with Coinbase that allows customers to link their bank accounts and convert rewards points into cryptocurrencies. While he sees value in blockchain technology and stablecoins, Dimon previously criticized Bitcoin, referring to it as a 'pet rock' valuable mainly to criminals. JP Morgan is actively pursuing stablecoin-related initiatives, signifying a broader interest from traditional financial institutions in digital assets.

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