Get ready for a shock! The largest bank in America, JPMorgan Chase & Co., is sparking speculation by filing a trademark application for "JPMD," which appears to be a new asset based on blockchain technology! Is this the bank's preparation to invade the world of stablecoins?
"JPMD": the new secret in the world of blockchain!
The application, which has been accepted by the U.S. Patent and Trademark Office, describes a versatile system for trading digital assets, exchanging them, transferring them, and payment services. Most importantly, it indicates potential use cases in issuing blockchain-based assets, brokerage, and electronic financial transfers!
Although the term "stablecoin" is not explicitly mentioned, the comprehensive description covers every corner of the digital asset ecosystem, from clearing to data transfer and debt settlement! This strongly indicates a potential role for "JPMD" in the real-world asset sector!
JPMorgan: A blockchain pioneer despite the criticism!
This is not the first time JPMorgan has ventured into the crypto world! The bank was one of the first to deeply explore blockchain technology through its Kinex (formerly Onyx) division and its own currency, JPM Coin, which is now known as Kinexys Digital Payments. This specially designed stablecoin, pegged 1:1 to the U.S. dollar, British pound, or euro, has processed cumulative transactions exceeding $1.5 trillion, with an average daily volume of around $2 billion!
JPMorgan has also been a pioneer in the token space, especially through the tokenized collateral network it launched in 2022, which allows users to transfer ownership of tokenized assets (such as money market funds) almost instantly.
Surprisingly, all of this is happening despite the severe criticism directed by CEO Jamie Dimon towards cryptocurrencies, especially Bitcoin! But Dimon himself acknowledged that JPMorgan "may be one of the largest users of blockchain technology"!
The stablecoin race is escalating: major banks are joining in!
The arena is heating up! Many major banks, including Bank of America, Citigroup, and Wells Fargo, are now exploring stablecoins with a breakthrough in the U.S. regulatory landscape. Reports indicate that JPMorgan itself is looking to form a joint stablecoin project with other major commercial banks!
Even retail giants like Walmart and Amazon are considering issuing their own stablecoins, inspired by the enormous success of Tether!
JPMorgan takes a giant step towards a digital financial future! Are you ready for this revolution?
$VTHO $Fartcoin $JUP #Binance #越南加密政策 #BombieBinanceTGE #BinanceAlphaAlert #SparkBinanceHODLerAirdrop