Article Recommendation: *'Understanding JPMorgan: The Sword Bearer of Dollar Hegemony, Temple-Level Bank, and Bitcoin's Most Stubborn Opponent'* In Singapore's payment circles, there's a saying: MPI is worth 10 million, JPM accounts are worth 100 million. Coinbase's founder once bluntly stated that the single most critical factor for the company's success today is its banking partner—JPMorgan. JPMorgan has never been friendly toward cryptocurrencies and often freezes accounts involved in crypto transactions. The moment a business model involves anonymous transactions, off-chain arbitrage, or touches the realm of 'decentralization beyond regulation,' JPMorgan decisively draws a line. Tether's operational logic bears an astonishing resemblance to JPMorgan's role in the banking system. It’s like a 'shadow JPMorgan' bypassing the banking system. In a parallel world, it has quietly built a settlement structure equivalent to JPMorgan's. Full article: https://mp.weixin.(qq.com)/s/_KnfIY-kJGptis4cXV0-1A