JPMorgan Applies For “JPMD” Trademark

JPMorgan Applies For "JPMD" Trademark

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JPMorgan Chase has made a new request for a brand in the United States to “JPMD”, which led to speculation that the bank may soon be launched Stablecoin.

the to request It was provided to the Patent and Trademarks Office in the United States on June 15, and it mentions encryption services, including the circulation, transfer, exchange, exchange, and processing processing and clearing.

Jpmorgan

Does JPMorgan launched Stablecoin with other banks?

The JPMorgan file follows a report on May 22 issued by The Wall Street Journal (WSJ) says that Jpmorgan and other banking giants think about Common Stablecoin launch.

The WSJ report added that the banks look at Stablecoins as a strategic tool to enhance the current payment bars and accelerate the cross -border settlements. The report said that these banks will compete directly with the current original exporters.

While “Stablecoin” was not specifically mentioned in the last JPMorgan file, industrial observers have already drew a link between the WSJ report and the file, which led to speculation that JPMorgan could soon be released Stablecoin.

The possible launch of Stablecoin comes as the US Senate submitted the Genius Stablecoin Act in 68-30. Now, he faces the last Senate Voting later today. If approved, he will go home.

Not the first JPMorgan project in Blockchain space

Jpmorgan is already active in Blockchain space. While the CEO of the bank Jimmy Damon He publicly built Bitcoin (BTC) on many occasions, and has defended Blockchain’s basic technology in Crypto as a valuable tool for financial institutions.

JPMorgan already has a Blockchain active bank payment platform called Kinexy, which has to treat More than $ 1.5 trillion of payments since its launch more than 4 years ago. The average daily transactions of the platform are more than two billion dollars.

The bank also contains a special stablecoin called JPM COIN, which was linked to 1: 1 either by the US dollar, the British pound, or the euro.

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