JPMorgan CEO Jamie Dimon said stablecoins, smart contracts and asset tokenization pose direct competition to traditional banking, according to CoinDesk. He said these blockchain-based financial infrastructures compete with banks in payments and settlement, adding to earlier remarks that such technologies could reshape core financial services. Dimon said JPMorgan must accelerate its blockchain strategy in response, underscoring the bank’s view that digital asset infrastructure is both a technological shift and a competitive challenge.