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RE: JP Morgan to pwn XRP?
Not really.
If the token is backed by the FED, then there is always liquidity to pull out US$s
However, since JPM has been known to do poor bookkeeping.... err accounting slight of hand, i would expect them to slip themselves a few extra JPMcoins whenever they felt like it.
Thus, they would be pegged to the US$... until they imploded.
All the while, JPM was inflating the US$.
And we probably won't get to see the code that shaves off a % of every transaction for JP.