JP Morgan launched a stablecoin with Alibaba on Base blockchain, positioned as the first bank-issued stablecoin on public infrastructure. The video connects this to historical claims about JP Morgan's role in founding the Federal Reserve, then pivots to selling an AI crypto trading bot for $1.
JP Morgan himself was like, hey, we're gonna make a bank that bails out all banks. And then they created the Federal Reserve. If you guys wanna dive more into this topic, The Creature from Jekyll Island is a really good book to reference. But basically, yes, there was a banking conglomerate, a banking elite that was built based off of this big panic event. They used it as fuel and reasoning to create the Federal Reserve. And if you understand anything about the Federal Reserve, Essentially, they control all of money. And so when I say specifically that JP Morgan created a stablecoin, okay, listen, it's bigger than what most people think. We're talking about credibility that comes from the Federal Reserve itself, the most powerful entity on the face of the planet when it comes to money. Listen, this is insane, right? We're talking about JP Morgan, man. Okay, they created a stablecoin and they partnered with Alibaba, the 2nd biggest e-commerce platform in the world, and they partnered with Base to do the first— the first bank in the world to take their stablecoin And put it on a public blockchain. Listen.
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