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Stablecoin Terminator? JPMorgan launches 'deposit token', can it challenge USDT's position?
JPMorgan collaborates with Coinbase to launch JPMD, marking the first time commercial bank funds are brought on-chain.
JPMorgan, the largest bank in the US, has just passed the trademark application for 'JPMD.' Today, it announced the upcoming launch of a pilot program for a deposit token named $JPMD in the coming days, marking the first time a commercial bank has deployed deposit products on a public blockchain.
Naveen Mallela, Global Joint Head of JPMorgan's blockchain division Kinexys, told Bloomberg that the bank will transfer a fixed number of $JPMD tokens to Coinbase custody via Coinbase's Base blockchain.
$JPMD token will be priced in US dollars and issued on Coinbase's Ethereum Layer 2 blockchain, Base. This pilot program is expected to run for several months, during which approved Coinbase institutional clients will be able to trade using $JPMD.
JPMorgan, the largest bank in the US, has just passed the trademark application for 'JPMD.' Today, it announced the upcoming launch of a pilot program for a deposit token named $JPMD in the coming days, marking the first time a commercial bank has deployed deposit products on a public blockchain.
Naveen Mallela, Global Joint Head of JPMorgan's blockchain division Kinexys, told Bloomberg that the bank will transfer a fixed number of $JPMD tokens to Coinbase custody via Coinbase's Base blockchain.
$JPMD token will be priced in US dollars and issued on Coinbase's Ethereum Layer 2 blockchain, Base. This pilot program is expected to run for several months, during which approved Coinbase institutional clients will be able to trade using $JPMD.
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The Bitcoin cycle is dead; the Saylor cycle is coming! Experts say BTC is expected to rise another 100 times.
Experts: The Bitcoin cycle is dead, the Saylor cycle is coming.
Early Bitcoin investor and expert Brad Mills recently made a bold prediction, claiming that 'the Bitcoin cycle is dead' and that the era of parabolic surges and devastating crashes has ended.
Mills states that the market is entering a new 'Saylor cycle' (named after MicroStrategy's founder Michael Saylor), and investors should be prepared for Bitcoin's potential 100-fold increase.
He uses the structure of the S&P 500 during the era of quantitative easing (QE) as an example, pointing out that when the Federal Reserve becomes the 'greedy buyer' of government bonds, the magnitude and duration of market pullbacks are shortened.
Early Bitcoin investor and expert Brad Mills recently made a bold prediction, claiming that 'the Bitcoin cycle is dead' and that the era of parabolic surges and devastating crashes has ended.
Mills states that the market is entering a new 'Saylor cycle' (named after MicroStrategy's founder Michael Saylor), and investors should be prepared for Bitcoin's potential 100-fold increase.
He uses the structure of the S&P 500 during the era of quantitative easing (QE) as an example, pointing out that when the Federal Reserve becomes the 'greedy buyer' of government bonds, the magnitude and duration of market pullbacks are shortened.
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Is Trump Exploding Again? A Single Statement Caused Bitcoin to Fall Below $104,000, Is His Participation Worth Noting?
The conflict between Israel and Iran is dominating market sentiment this week, and whether the U.S. will join the war directly affects the market's rise and fall. The day before yesterday, Bitcoin returned to $108,000 due to signs of easing in the situation, but then Trump’s statement 'Everyone should leave Tehran immediately' caused Bitcoin's price to drop by $2,000. Yesterday, his statement 'actively considering joining the war' caused Bitcoin to fall below $104,000 again. If the U.S. does deploy troops, many believe Bitcoin will drop below $100,000.
Looking at the daily chart of Bitcoin, if it effectively falls below $101,000, it will terminate the upward trend that has continued since April 22, pushing Bitcoin into a bear market, and the cryptocurrency market may face a significant drop. There is also the Federal Reserve's interest rate decision results tonight; if Powell speaks hawkishly and insists on keeping short-term rates unchanged, this will surely accelerate the decline.
Looking at the daily chart of Bitcoin, if it effectively falls below $101,000, it will terminate the upward trend that has continued since April 22, pushing Bitcoin into a bear market, and the cryptocurrency market may face a significant drop. There is also the Federal Reserve's interest rate decision results tonight; if Powell speaks hawkishly and insists on keeping short-term rates unchanged, this will surely accelerate the decline.
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Does Cathie Wood really know how to make money? ARK sold all Circle shares, making over 40 million dollars in just two weeks
ARK Invest's three funds fully liquidated their Circle shares yesterday (6/16), selling a total of 342,658 shares. Based on the closing price of $151 on 6/16, they realized $51.74 million. If using the IPO cost of $31, they made $41.11 million in less than two weeks, achieving a return on investment of up to 387%.
Image Source: X
ARK has completely liquidated its Circle holdings, achieving a return on investment of up to 387%
ARK liquidated its Circle holdings through its three funds on 6/16, with the details as follows:
ARKK: Sold 196,367 shares
ARKW: Sold 92,310 shares
ARKF: Sold 53,981 shares
Image Source: X
ARK has completely liquidated its Circle holdings, achieving a return on investment of up to 387%
ARK liquidated its Circle holdings through its three funds on 6/16, with the details as follows:
ARKK: Sold 196,367 shares
ARKW: Sold 92,310 shares
ARKF: Sold 53,981 shares
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Bank of America praises Bitcoin: A once-in-a-millennium innovative technology! On par with the printing press and iPhone
Bank of America: Bitcoin is an innovative technology since the year 1000.
Bank of America, a global financial giant, recently included Bitcoin in its list of innovative technologies since the year 1000 in a report, attracting widespread attention from the market.
Bank of America compares Bitcoin to revolutionary inventions such as the printing press, light bulb, World Wide Web (Internet), social media, iPhone, artificial intelligence (AI), and quantum computers, considering it a technology innovation with revolutionary influence. According to U.Today, Bank of America in its latest research report equates Bitcoin with the printing press and the Ford Model T, believing they all have the same degree of disruptive potential.
Bank of America, a global financial giant, recently included Bitcoin in its list of innovative technologies since the year 1000 in a report, attracting widespread attention from the market.
Bank of America compares Bitcoin to revolutionary inventions such as the printing press, light bulb, World Wide Web (Internet), social media, iPhone, artificial intelligence (AI), and quantum computers, considering it a technology innovation with revolutionary influence. According to U.Today, Bank of America in its latest research report equates Bitcoin with the printing press and the Ford Model T, believing they all have the same degree of disruptive potential.
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Coinbase Also Wants to Offer Stock Tokens? Has Applied to the SEC, Aiming to Enter the RWA Market!
Targeting the traditional brokerage market, blockchain technology disrupts the stock trading model
Coinbase, the largest cryptocurrency exchange in the US, is actively seeking approval from the SEC to launch tokenized stock trading services, which will allow investors to trade digital versions of traditional stocks on the blockchain network.
Coinbase Chief Legal Officer Paul Grewal told Reuters that this plan is a "major priority" for the company, and if approved, it would allow Coinbase to compete directly with traditional brokers like Robinhood and Charles Schwab.
Coinbase, the largest cryptocurrency exchange in the US, is actively seeking approval from the SEC to launch tokenized stock trading services, which will allow investors to trade digital versions of traditional stocks on the blockchain network.
Coinbase Chief Legal Officer Paul Grewal told Reuters that this plan is a "major priority" for the company, and if approved, it would allow Coinbase to compete directly with traditional brokers like Robinhood and Charles Schwab.
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Infini shuts down cryptocurrency financial card services! Why can't the U card succeed? The founder reveals 3 major obstacles.
A beautifully struck ball that cannot fly far: Why did Infini close its financial card payment business?
Infini has always been well-received by users due to its simple interface, stable financial management, and smooth payment services (U card). This card allows users to store stablecoins and pay for daily expenses through Visa, seen as an important breakthrough for Web3 payments.
However, according to Infini's official announcement and co-founder Christine's statement, operating a payment card not only requires high compliance costs, manpower, and technical maintenance expenses, but it is also nearly impossible to generate a stable source of profit.
Infini has always been well-received by users due to its simple interface, stable financial management, and smooth payment services (U card). This card allows users to store stablecoins and pay for daily expenses through Visa, seen as an important breakthrough for Web3 payments.
However, according to Infini's official announcement and co-founder Christine's statement, operating a payment card not only requires high compliance costs, manpower, and technical maintenance expenses, but it is also nearly impossible to generate a stable source of profit.
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83% of ChatGPT users experience cognitive amnesia! iKala founder: the consequences of brain outsourcing are not just this.
iKala founder: AI has fully activated brain outsourcing.
After ChatGPT sparked a wave of generative AI, numerous AI tools have been widely applied in work, learning, and daily life, and humans' reliance on them has gradually deepened. However, are convenient AI tools assisting human thought, or quietly triggering a large-scale 'brain outsourcing'?
iKala founder Cheng Shijia today (6/18) posted, citing MIT's latest research, pointing out that long-term reliance on AI tools for writing may lead to a significant decline in human 'cognitive abilities' and accumulate a new form of 'cognitive debt'.
After ChatGPT sparked a wave of generative AI, numerous AI tools have been widely applied in work, learning, and daily life, and humans' reliance on them has gradually deepened. However, are convenient AI tools assisting human thought, or quietly triggering a large-scale 'brain outsourcing'?
iKala founder Cheng Shijia today (6/18) posted, citing MIT's latest research, pointing out that long-term reliance on AI tools for writing may lead to a significant decline in human 'cognitive abilities' and accumulate a new form of 'cognitive debt'.
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The Genius Act passes the Senate! GENIUS focuses on US dollar dominance and consumer protection, awaiting House review
Senate passes with 68 votes (GENIUS Act)
The US Senate on Tuesday (6/17) passed the (Guidance and Establishing the National Innovation for US Stablecoins Act) (GENIUS Act, also known as (GENIUS Act)) with an overwhelming vote of 68 to 30. This is the first significant cryptocurrency-related bill passed by the US Congress. The bill was led by Republican Senator Bill Hagerty from Tennessee and received bipartisan support, including the defection of 18 Democratic senators.
(GENIUS Act) requires all payment stablecoins to be fully backed 1:1 by US dollars or short-term US Treasury bonds, and issuers with market capitalizations over $50 billion must undergo annual audits and establish a clear regulatory framework from federal or state governments. The bill also amends existing securities laws to clarify that compliant stablecoins are not classified as securities, thus excluding them from SEC jurisdiction.
The US Senate on Tuesday (6/17) passed the (Guidance and Establishing the National Innovation for US Stablecoins Act) (GENIUS Act, also known as (GENIUS Act)) with an overwhelming vote of 68 to 30. This is the first significant cryptocurrency-related bill passed by the US Congress. The bill was led by Republican Senator Bill Hagerty from Tennessee and received bipartisan support, including the defection of 18 Democratic senators.
(GENIUS Act) requires all payment stablecoins to be fully backed 1:1 by US dollars or short-term US Treasury bonds, and issuers with market capitalizations over $50 billion must undergo annual audits and establish a clear regulatory framework from federal or state governments. The bill also amends existing securities laws to clarify that compliant stablecoins are not classified as securities, thus excluding them from SEC jurisdiction.
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When Douyin rings, parents raise you for nothing! He bought a cheap cold wallet, and all his NT$200 million assets were stolen.
Discount cold wallet purchased on Douyin, private key pre-installed with a backdoor.
A Chinese cryptocurrency investor recently purchased a discounted cold wallet through Douyin, only to fall victim to a scam group, losing nearly $7 million in cryptocurrency assets in just a few hours. Blockchain security company SlowMist confirmed the incident on Saturday on the X platform, stating that the wallet's 'private key had been compromised at the time of creation', and the victim's funds were completely emptied within hours.
SlowMist warned that many so-called 'factory-sealed' or 'discount' cold wallets sold on the Douyin e-commerce platform 'Douyin Xiaodian' are often tampered with, and the low prices are merely bait to lure victims.
A Chinese cryptocurrency investor recently purchased a discounted cold wallet through Douyin, only to fall victim to a scam group, losing nearly $7 million in cryptocurrency assets in just a few hours. Blockchain security company SlowMist confirmed the incident on Saturday on the X platform, stating that the wallet's 'private key had been compromised at the time of creation', and the victim's funds were completely emptied within hours.
SlowMist warned that many so-called 'factory-sealed' or 'discount' cold wallets sold on the Douyin e-commerce platform 'Douyin Xiaodian' are often tampered with, and the low prices are merely bait to lure victims.
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Profiting massively from the cryptocurrency space! Trump earned over 50 million dollars last year through WLFI crypto platform token sales
According to the latest annual financial disclosure document, U.S. President Donald Trump earned over $57 million last year from the token sale of the cryptocurrency project - 'World Liberty Financial'.
This financial report was publicly released by the U.S. Office of Government Ethics (OGE) last Friday, revealing that Trump earned $57,355,532 through World Liberty Financial and disclosed that he owns 15.75 billion WLFI tokens, valued between $1,001 and $15,000, indicating that Trump has potential voting rights in the project and may hold some influence within the governance structure.
This financial report was publicly released by the U.S. Office of Government Ethics (OGE) last Friday, revealing that Trump earned $57,355,532 through World Liberty Financial and disclosed that he owns 15.75 billion WLFI tokens, valued between $1,001 and $15,000, indicating that Trump has potential voting rights in the project and may hold some influence within the governance structure.
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Profiting from the Coin Circle! Trump Earned Over $50 Million Last Year from WLFI Crypto Platform Token Sales
According to the latest annual financial disclosure document, U.S. President Donald Trump earned over $57 million last year from the token sales of the cryptocurrency project - 'World Liberty Financial'.
This financial report was made public by the U.S. Office of Government Ethics (OGE) last Friday, revealing that Trump earned $57,355,532 from World Liberty Financial, and disclosed that he owns 15.75 billion WLFI tokens, valued between $1,001 and $15,000, indicating that Trump holds potential voting rights in the project and may have certain influence in the governance structure.
This financial report was made public by the U.S. Office of Government Ethics (OGE) last Friday, revealing that Trump earned $57,355,532 from World Liberty Financial, and disclosed that he owns 15.75 billion WLFI tokens, valued between $1,001 and $15,000, indicating that Trump holds potential voting rights in the project and may have certain influence in the governance structure.
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Trump Mobile T1 debuts! Foreign media harshly criticize: the images are photoshopped, heavily plagiarized, and it’s essentially a Chinese knockoff.
Trump Mobile T1 officially launched, monthly fee of $47.45 targeting love card fans.
Former President Donald Trump recently officially launched his own brand of smartphone, the 'T1 Phone', paired with a telecommunications service named 'Trump Mobile', with a monthly fee of $47.45. This announcement coincided with the 10th anniversary of Trump's first presidential campaign, which is viewed as a strongly political maneuver.
Source: Trump Mobile. Trump recently officially launched his own brand of smartphone, the 'T1 Phone', paired with a telecommunications service named 'Trump Mobile'.
Eric Trump, Executive Vice President of the Trump Organization, claimed in an interview with (Fox Business) that this phone will 'thoroughly reform the mobile phone and telecommunications industry', emphasizing the provision of 'customer service by Americans for Americans' and 'phones made by Americans for Americans'. The so-called '47 Plan' includes unlimited calls, texts, and data services, as well as free international calls to over 100 countries, 24-hour roadside assistance, and telehealth services.
Former President Donald Trump recently officially launched his own brand of smartphone, the 'T1 Phone', paired with a telecommunications service named 'Trump Mobile', with a monthly fee of $47.45. This announcement coincided with the 10th anniversary of Trump's first presidential campaign, which is viewed as a strongly political maneuver.
Source: Trump Mobile. Trump recently officially launched his own brand of smartphone, the 'T1 Phone', paired with a telecommunications service named 'Trump Mobile'.
Eric Trump, Executive Vice President of the Trump Organization, claimed in an interview with (Fox Business) that this phone will 'thoroughly reform the mobile phone and telecommunications industry', emphasizing the provision of 'customer service by Americans for Americans' and 'phones made by Americans for Americans'. The so-called '47 Plan' includes unlimited calls, texts, and data services, as well as free international calls to over 100 countries, 24-hour roadside assistance, and telehealth services.
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Crypto influencer kidnapped! Upon seeing the account balance, the kidnapper found 'they are quite poor', and unexpectedly decided to release them
TikTok cryptocurrency influencer kidnapped for ransom, account balance insufficient and sadly released
A 26-year-old TikTok cryptocurrency influencer was kidnapped on Friday evening while returning to his residence in Juvisy-sur-Orge, north of Paris. Four kidnappers demanded a ransom of 50,000 euros in cryptocurrency. However, this kidnapping took a dramatic turn; when the kidnappers discovered that the influencer, who had 40,000 followers, actually did not have enough funds to pay the ransom, they released him the next day.
According to a report by French radio Europe 1 on Sunday, four kidnappers forcibly dragged the cryptocurrency trader into a stolen Renault Clio car and beat him during the process. The influencer showed the kidnappers that his account balance was nearly zero during the kidnapping, proving he could not pay the demanded ransom. After discovering that their 'prey' was not as wealthy as they imagined, the kidnappers ultimately chose to release him.
A 26-year-old TikTok cryptocurrency influencer was kidnapped on Friday evening while returning to his residence in Juvisy-sur-Orge, north of Paris. Four kidnappers demanded a ransom of 50,000 euros in cryptocurrency. However, this kidnapping took a dramatic turn; when the kidnappers discovered that the influencer, who had 40,000 followers, actually did not have enough funds to pay the ransom, they released him the next day.
According to a report by French radio Europe 1 on Sunday, four kidnappers forcibly dragged the cryptocurrency trader into a stolen Renault Clio car and beat him during the process. The influencer showed the kidnappers that his account balance was nearly zero during the kidnapping, proving he could not pay the demanded ransom. After discovering that their 'prey' was not as wealthy as they imagined, the kidnappers ultimately chose to release him.
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Avalanche releases free NFTs! Complete minting tutorial at once, can you get AVAX airdrops by playing games?
Avalanche releases free NFTs, what is the game pass?
The Avalanche blockchain launched the free 'Avalanche Battle Pass NFT' today (6/17), a 'Battle Pass' jointly launched by Ava Labs, Playfull, and Magic Eden, allowing players to mint for free within a month.
The official announcement states that the free Battle Pass NFT adopts a similar 'Battle Pass' mechanism as popular games like (Fortress Heroes), allowing players to earn rewards by playing cooperative games. The Solana ecosystem also launched a similar Solana Game Pass earlier this year.
The Avalanche blockchain launched the free 'Avalanche Battle Pass NFT' today (6/17), a 'Battle Pass' jointly launched by Ava Labs, Playfull, and Magic Eden, allowing players to mint for free within a month.
The official announcement states that the free Battle Pass NFT adopts a similar 'Battle Pass' mechanism as popular games like (Fortress Heroes), allowing players to earn rewards by playing cooperative games. The Solana ecosystem also launched a similar Solana Game Pass earlier this year.
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Coinbase, Gemini exchanges to receive MiCA licenses! Entering the EU? But rules raise concerns
Two major exchanges are about to obtain EU operating licenses, with Malta and Luxembourg becoming key players.
According to a report by Reuters on Monday, the two major cryptocurrency exchanges, Gemini and Coinbase, are set to receive regulatory licenses to operate in the EU, symbolizing a significant expansion under the newly implemented MiCA framework.
Sources revealed that Gemini is expected to obtain approval from Malta, while Coinbase is anticipated to secure a license through Luxembourg. Gemini was co-founded by twin brothers Tyler and Cameron Winklevoss, and the company applied for an operating license in Malta this January. Malta previously approved licenses for OKX and Crypto.com within weeks of the MiCA framework's launch.
According to a report by Reuters on Monday, the two major cryptocurrency exchanges, Gemini and Coinbase, are set to receive regulatory licenses to operate in the EU, symbolizing a significant expansion under the newly implemented MiCA framework.
Sources revealed that Gemini is expected to obtain approval from Malta, while Coinbase is anticipated to secure a license through Luxembourg. Gemini was co-founded by twin brothers Tyler and Cameron Winklevoss, and the company applied for an operating license in Malta this January. Malta previously approved licenses for OKX and Crypto.com within weeks of the MiCA framework's launch.
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The trading volume of stablecoins is 20 times that of PayPal! Circle: The iPhone moment for stablecoins is coming.
Circle CEO: The iPhone moment for stablecoins is approaching.
Jeremy Allaire, CEO of stablecoin issuer Circle, stated that stablecoins are about to experience a breakthrough moment akin to that of the iPhone. He further described stablecoins as the most efficient form of currency ever created by humanity.
Allaire pointed out last Saturday:
'We have not yet fully reached the iPhone moment, when global developers realize the power and opportunity of programmable digital dollars on the internet, but that moment is not far off.'
Image source: X Circle CEO: The iPhone moment for stablecoins is approaching.
Jeremy Allaire, CEO of stablecoin issuer Circle, stated that stablecoins are about to experience a breakthrough moment akin to that of the iPhone. He further described stablecoins as the most efficient form of currency ever created by humanity.
Allaire pointed out last Saturday:
'We have not yet fully reached the iPhone moment, when global developers realize the power and opportunity of programmable digital dollars on the internet, but that moment is not far off.'
Image source: X Circle CEO: The iPhone moment for stablecoins is approaching.
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Remember to move around while trading! Young men suffering from lower body pain as a professional disease, 'this type of male' should be cautious
High stress and prolonged sitting, pelvic floor muscles raise alarms
According to (Bloomberg) reports, there are more and more young men on Wall Street experiencing 'women's diseases', namely 'pelvic floor syndrome'. One 26-year-old investment banker discovered excruciating pain in his groin while working one day, making it impossible for him to sit down, and even making sexual life painfully unbearable. It wasn't until he visited a pelvic floor specialist that he realized his muscle group was completely 'locked up', all related to stress, prolonged sitting, poor sleep, and insufficient water intake.
Clinics report that there are more and more patients like this, not just in finance but also in professions like engineering that involve prolonged sitting.
According to (Bloomberg) reports, there are more and more young men on Wall Street experiencing 'women's diseases', namely 'pelvic floor syndrome'. One 26-year-old investment banker discovered excruciating pain in his groin while working one day, making it impossible for him to sit down, and even making sexual life painfully unbearable. It wasn't until he visited a pelvic floor specialist that he realized his muscle group was completely 'locked up', all related to stress, prolonged sitting, poor sleep, and insufficient water intake.
Clinics report that there are more and more patients like this, not just in finance but also in professions like engineering that involve prolonged sitting.
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Is Sun's Tron going to become a stock? It's reported that Tron plans to go public via a shell company, and the new company will reserve TRX!
Reverse merger: Tron targets SRM Entertainment for listing operations.
According to reports from the Financial Times, Tron is preparing to go public through a reverse merger with the NASDAQ-listed company SRM Entertainment, thus indirectly achieving a public listing in the U.S. The deal is led by Dominari Securities, an investment firm closely connected to the Trump family. This will allow Tron to enter the U.S. capital market in a lower-threshold manner, avoiding the cumbersome processes and regulatory scrutiny of a traditional IPO.
Tron Inc.'s new company model: buy coins, do not sell coins, only hold.
Similar to the Bitcoin holding strategy focused by MicroStrategy led by Michael Saylor, the newly established Tron Inc. will also specialize in purchasing and holding TRX tokens for the long term. Reports indicate that Tron will inject $210 million worth of TRX assets as startup capital. This kind of holding model can be seen as a concrete manifestation of bullish belief in crypto assets, while providing investors with a financial instrument to indirectly participate in TRX price fluctuations.
According to reports from the Financial Times, Tron is preparing to go public through a reverse merger with the NASDAQ-listed company SRM Entertainment, thus indirectly achieving a public listing in the U.S. The deal is led by Dominari Securities, an investment firm closely connected to the Trump family. This will allow Tron to enter the U.S. capital market in a lower-threshold manner, avoiding the cumbersome processes and regulatory scrutiny of a traditional IPO.
Tron Inc.'s new company model: buy coins, do not sell coins, only hold.
Similar to the Bitcoin holding strategy focused by MicroStrategy led by Michael Saylor, the newly established Tron Inc. will also specialize in purchasing and holding TRX tokens for the long term. Reports indicate that Tron will inject $210 million worth of TRX assets as startup capital. This kind of holding model can be seen as a concrete manifestation of bullish belief in crypto assets, while providing investors with a financial instrument to indirectly participate in TRX price fluctuations.
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JPMorgan applies for JPMD crypto platform trademark! Will have trading business, what is the investment bank setting up?
JPMorgan's new trademark application covers a wide range of services. Will it launch a stablecoin?
JPMorgan Chase, the largest bank in the US, submitted a trademark application named 'JPMD' to the US Patent and Trademark Office (USPTO) on Sunday, sparking widespread speculation in the market about the bank potentially launching a stablecoin. According to the application documents dated June 16, JPMD will offer services including 'digital asset trading, exchange, transfer, and payment services' as well as 'digital asset issuance.'
Image source: USPTO. JPMorgan submitted a trademark application named 'JPMD' to the US Patent and Trademark Office (USPTO) on Sunday.
JPMorgan Chase, the largest bank in the US, submitted a trademark application named 'JPMD' to the US Patent and Trademark Office (USPTO) on Sunday, sparking widespread speculation in the market about the bank potentially launching a stablecoin. According to the application documents dated June 16, JPMD will offer services including 'digital asset trading, exchange, transfer, and payment services' as well as 'digital asset issuance.'
Image source: USPTO. JPMorgan submitted a trademark application named 'JPMD' to the US Patent and Trademark Office (USPTO) on Sunday.
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