JPMorgan Files For “JPMD” Trademark, Fueling Stablecoin Speculation
JPMorgan Chase has filed a new trademark application in the US for “JPMD,” igniting speculation that the bank might soon launch a stablecoin. The application was filed with the US Patent and Trademark Office on June 15, and mentions crypto-related services including digital asset trading, transfer, exchange, payment processing and clearing. Is JPMorgan Working On Stablecoin Launch With Other Banks? JPMorgan’s filing follows a May 22 report by the Wall Street Journal (WSJ) that said JPMorgan and other banking giants are considering a joint stablecoin launch . The WSJ report added that the banks view stablecoins as a strategic tool to enhance existing payment rails and speed up cross-border settlements. These banks would also compete directly with existing, crypto-native issuers, the report said. While “stablecoin” was not specifically mentioned in JPMorgan’s recent filing, industry observers have already drawn a link between the WSJ ...
