JPMorgan CEO Jamie Dimon questioned why someone would want a stablecoin rather than just a payment, but acknowledged that the bank will be involved in stablecoins so they can understand them better.

JPMorgan Chase is a juggernaut in the global payments industry, helping move nearly $10 trillion daily, so it makes sense that they would explore stablecoins.

The bank put $50 billion toward lending to riskier companies to compete with nonbank giants dominating the market. The Walgreens deal was the payoff.