“They don't say they want stablecoins.”

– Anthony Soohoo, CEO, MoneyGram, on his customers, to Bloomberg · Monday

Welcome to the Monday edition of the 51 Insights digital asset newsletter.

On Monday, JPMorgan put its deposit token on Ethereum, and MoneyGram put a dollar balance in its app. Different customers, same goal: keep the money in-house.

Here's what matters this week:

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Source: Ethereum and Base contract data, Basescan; JPMorgan; 51 Insights analysis. Optional caption: JPMorgan's tokens outstanding on October 19, from contract data.