How does JPM Coin work?

Could you please elaborate on the workings of JPM Coin? As a financial professional, I'm curious to understand the inner mechanisms behind this cryptocurrency. Specifically, how is it issued? How does it function as a medium of exchange? What are the benefits it offers over traditional financial instruments? And, how does JPMorgan Chase ensure its stability and liquidity within the banking system? I'm interested in gaining a deeper insight into how this innovative digital currency aims to revolutionize the world of finance.