The coin will be backed by the US Dollar, and as per the concept of stablecoins, 1 JPM Coin will be equal to 1 USD.
The allocated price of JPM coin means that the coin of JP Morgan has been over-valued, much higher than the figure of Ripple (XRP).
Ripple has fluctuated from second to third positions on coinmarketcap.
Will JPM coin can take over Ripple some day in 2019?