According to @AltcoinGordon, a source at Blackrock revealed that JP Morgan is launching a new stablecoin named JPMD, which will initially be built on the Ethereum blockchain with possible future integration on Solana. This move signals major institutional adoption of Ethereum and could drive increased trading volume and liquidity for ETH (Ethereum) and SOL (Solana). The development may also set a precedent for other traditional banks to enter the stablecoin market, potentially influencing the stability and growth of both Ethereum and Solana ecosystems. Source: @AltcoinGordon, Twitter, June 17, 2025.