JPMorgan Chase files for blockchain-related trademark, triggering speculation it has stablecoin plans
The country’s largest bank applied for a digital currency trademark with the US Patent and brands office (USPTO). This step led to the prediction of the “JPMD” application that reflects the bank’s increasing interest in Stablecoins – a type of cryptocurrency designed to maintain a consumption value with the US dollar.
The application was submitted by JPMorganchase on June 15, according to the USPTO website. Liser in the “JPMD” menu as a good service or service that provides “trading, exchange, transfer and payment of digital asset services”, among other categories related to cryptocurrencies and Blockchain technology.
Although the bank has not confirmed its intention to launch a new encrypted currency, some X users believe that “JPMD” is a reference to the upcoming Stablecoin offer. One of the users wrote in a post on X. $ JPMD is the indicator.
Another X user books, “The largest bank in the world embraces Stablecoin is your sign of Ultra Bullish.”
Social media publications did not provide any additional evidence about the bank’s plans, and JPMorganchase did not immediately respond to the request to comment from luck.
This speculation comes amid a renewed interest in Stablecoins, where president Donald Trump embraces this industry. A number of companies explores ways to implement Stablecoins, which are often used to settle cross -border transactions and protect light currencies from inflation, to the payment infrastructure.
In March, Felletti’s asset manager announced that she is “testing” Stablecoin “but has no plans to launch the product at this time.
Last month, Wall Street Journal She mentioned that Jpmorganchase participated in conversations with Bank of America, Citigroup, Wells Fargo and other commercial banks about the joint Stablecoin version, referring to people familiar with this issue.
Companies outside the world of financing are also studying stablecoins. in May, luck She mentioned that Mark Zuckerberg Meta was in talks with coding companies to integrate Stablecoins to manage payments. Earlier this month, luck I mentioned that in addition to Meta, Apple, X, Airbnb and Google, they all explored the use of Stablecoins.
Whether “JPMD” is a stablecoin or another type of encrypted currency, it is not the first battle of the bank in the area of digital assets. JPMorgan Jpm Coin, an encrypted currency used in wholesale payments in the bank, launched in 2019. The company announced in 2023 that JPM Coin was dealing with one billion dollars of transactions per day.
Until recently, the CEO of Jpmorganchase Jamie Dimon was a strong cashier for the encryption industry. In 2021, Damon Bitcoin is called the most popular cryptocurrency, “inevitable”. In 2023, congress told that the only real use of encryption is “criminals, drug dealers … money laundering, and avoiding taxes.”
However, since the organizational environment in the United States is rising to the idea of digital origins, Damon has changed its melody. Last month, Dimon announced that JPMorganchase will allow customers to buy Bitcoin but will not memorize them.
This story was originally shown on Fortune.com
2025-06-16 21:50:00
