JPMorgan CEO Jamie Dimon has highlighted the challenges stablecoins face in gaining institutional acceptance for large-scale settlements. Speaking on December 9, Dimon acknowledged the potential of smart contracts and tokenization, noting that JPMorgan processes $16 trillion in transactions over a few days and aims to replicate this compliance capability in the blockchain sector. He described JPM Coin as an interest-bearing deposit token beneficial for cross-border payments but noted its limitations in wholesale scenarios. Dimon humorously remarked that if he sent stablecoins to Fox, they would prefer direct cash instead.