Manjeet Singh joda
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Bullish
#BINANCE
JPMorgan Chase has filed a trademark application for “JPMD,” prompting speculation the bank may be preparing to launch its stablecoin.
The application, filed on June 15 with the U.S. Patent and Trademark Office, describes JPMD as a service for “trading, exchange, transfer, and payment services for digital assets,” among other crypto-related functions.
The bank has not issued a public statement about the filing, but it arrives when stablecoins are gaining new momentum across both Wall Street and Silicon Valley. In recent months, companies like Meta, Apple, and Google have explored stablecoin integrations, while asset managers such as Fidelity have begun testing their offerings.
JPMorgan has also been involved in private discussions with other top U.S. banks, Citigroup, Wells Fargo, and Bank of America, about possibly issuing a joint bank-backed
stablecoin, according to reporting from The Wall Street Journal on May 22.
#BTC
JPMorgan Chase has filed a trademark application for “JPMD,” prompting speculation the bank may be preparing to launch its stablecoin.
The application, filed on June 15 with the U.S. Patent and Trademark Office, describes JPMD as a service for “trading, exchange, transfer, and payment services for digital assets,” among other crypto-related functions.
The bank has not issued a public statement about the filing, but it arrives when stablecoins are gaining new momentum across both Wall Street and Silicon Valley. In recent months, companies like Meta, Apple, and Google have explored stablecoin integrations, while asset managers such as Fidelity have begun testing their offerings.
JPMorgan has also been involved in private discussions with other top U.S. banks, Citigroup, Wells Fargo, and Bank of America, about possibly issuing a joint bank-backed
stablecoin, according to reporting from The Wall Street Journal on May 22.
#BTC
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