Argentine Banks Testing JPM Coin: CC Analysis
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Contents
Argentine banks are testing JPMorgan's JPM Coin deposit token infrastructure for back-end settlement operations. According to local publication iProUP, Banco CMF is participating in the pilot program through its QORP unit. The tests do not involve real fund transfers; blockchain is used for recording and reconciliation while settlement is done through traditional systems. CMF CIO Maximiliano Cohn stated that the first phase will verify improvements in settlement times and interbank reconciliation through integration. iProUP sources reported that Banco Galicia, BIND, and Banco Comafi are considering joining the program. Although BCRA has banned banks from offering crypto services to customers, internal blockchain use is not blocked and the rule is under review.
LATAM countries crypto leaders. Source: Chainalysis
Argentine Banks' JPM Coin Pilot Tests
JPM Coin operates as a fiat-backed deposit token on JPMorgan's permissioned blockchain network Onyx. Tests in Argentina aim to accelerate interbank reconciliation. Transactions that take days in traditional systems could be reduced to minutes with blockchain. This pilot heralds institutional blockchain adoption in Latam.
Banco CMF and Potential Participating Banks
Banco CMF is taking a pioneering role through QORP. According to Maximiliano Cohn, integration tests could increase settlement efficiency by up to 50%. Giants like Banco Galicia, BIND, and Banco Comafi are in the evaluation stage. BCRA's permission for internal use signals regulatory flexibility.
JPM Coin's 2025 Expansion and Technical Details
JPMorgan opened JPM Coin to institutional customers via the Base layer-2 network in November 2025 and expanded to Canton Network in January. Canton is a network providing interoperability; it bridges multiple blockchains. Deposit tokens are 1:1 fiat-reserved, ideal for instant settlement. Daily volume has approached 1 billion dollars.
Record Volume in Latin America Crypto Market
According to the Chainalysis 2025 Report, 1.5 trillion dollars in transaction volume was recorded from mid-2022 to mid-2025; the monthly peak in December 2024 reached 87.7 billion dollars. Brazil leads with a 33% share, followed by Argentina and Mexico. This growth accelerates institutional integration with tools like JPM Coin.
CC Price and Technical Analysis: Support Resistance Table
This news positively impacts Latam-focused tokens like CC. CC price $0.15, 24h +%6.23 change. RSI 51.68 (neutral), trend sideways, Supertrend bearish. EMA20: $0.1457.
| Level | Price | Score | Distance | Sources |
|---|---|---|---|---|
| S1 | $0.1383 | 73/100 ⭐ | -6.71% | Prev Day Low, Swing Low, ATR Lower, Fibo 0.618 |
| S2 | $0.1443 | 62/100 ⭐ | -2.66% | BB Middle, SMA |
| R1 | $0.1513 | 85/100 ⭐ | +2.06% | LVN 2, R2, Fibo 0.500 |
| R2 | $0.1590 | 76/100 ⭐ | +7.25% | Donchian Upper, Swing High, Fibo 0.382 |
R1 ($0.1513) is strong resistance; if broken, upside potential may follow according to CC's detailed analysis. For futures, follow CC futures. Institutional news may increase volatility.
The Future of Blockchain Settlement in Argentina
While BCRA reviews its rules, internal use is standardizing with JPM Coin. Experts predict full integration in 2026. For CC investors, this presents a regional adoption opportunity; CC spot analysis is recommended.