On June 17, JPMorgan Chase applied for the "JPMD" trademark, and market rumors suggest that "JPMD" stands for "J.P. Morgan Dollar," which may become the dollar stablecoin the company is developing. The services covered by the JMPD trademark will include electronic funds transfers, securities brokerage, real-time token trading, custody services, and secure online financial transactions. The trademark application was submitted this Monday and is currently awaiting approval. JPMorgan Chase also recently announced that it will begin accepting Bitcoin and other Crypto Assets-based ETFs as collateral for loans. If JPMorgan Chase ultimately launches a stablecoin, it will signify a significant step for the company, which once opposed Crypto Assets.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
JPMorgan Chase applies for the "JPMD" trademark, possibly laying the groundwork for its stablecoin business.
On June 17, JPMorgan Chase applied for the "JPMD" trademark, and market rumors suggest that "JPMD" stands for "J.P. Morgan Dollar," which may become the dollar stablecoin the company is developing. The services covered by the JMPD trademark will include electronic funds transfers, securities brokerage, real-time token trading, custody services, and secure online financial transactions. The trademark application was submitted this Monday and is currently awaiting approval. JPMorgan Chase also recently announced that it will begin accepting Bitcoin and other Crypto Assets-based ETFs as collateral for loans. If JPMorgan Chase ultimately launches a stablecoin, it will signify a significant step for the company, which once opposed Crypto Assets.