Is JPMorgan Going to Issue a Stablecoin? JPMD Trademark Application Exposed

JPMorgan has just applied for the JPMD trademark with the U.S. Patent Office, covering a full range of crypto services such as trading, transfers, exchanges, clearing, and payment processing, clearly aimed at stablecoins.

Media reports suggest that JPMorgan may also team up with Bank of America and Wells Fargo to launch a stablecoin together. Traditional banks are collectively entering the game, and this could really change things.

According to FDIC data, as of the end of 2024, the U.S. banking system manages $23 trillion in deposits. Even if only 1% flows onto the blockchain, that’s $230 billion, enough to shake the positions of $USDT and $USDC.

While USDT is stable, it has always operated in a gray area; USDC is compliant but lacks backing from big banks. JP Morgan, on the other hand, naturally carries a trust halo. Once they issue a coin, it will be more convenient for corporate clients to use it for clearing and cross-border transfers.

More importantly, regulatory developments in Europe and the U.S. are accelerating. MiCA has just been launched, and the U.S. Congress is also advancing stablecoin legislation. This time, traditional banks are positioning themselves ahead of the curve rather than passively following trends.

Behind JPMD, it may not just be about issuing a coin, but also about taking over the on-chain payment infrastructure.

Whoever can connect with the banking system will dominate on-chain payments. Once JPMorgan truly issues a federally-backed stablecoin, outside capital may directly shift its investment strategy.