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JPMorgan Chase has filed a brand new trademark utility within the US for “JPMD,” igniting hypothesis that the financial institution would possibly quickly launch a stablecoin.
The utility was filed with the US Patent and Trademark Workplace on June 15, and mentions crypto-related providers together with digital asset buying and selling, switch, alternate, fee processing and clearing.
Is JPMorgan Working On Stablecoin Launch With Different Banks?
JPMorgan’s submitting follows a Might 22 report by the Wall Road Journal (WSJ) that mentioned JPMorgan and different banking giants are contemplating a joint stablecoin launch.
The WSJ report added that the banks view stablecoins as a strategic software to boost present fee rails and velocity up cross-border settlements. These banks would additionally compete immediately with present, crypto-native issuers, the report mentioned.
Whereas “stablecoin” was not particularly talked about in JPMorgan’s current submitting, business observers have already drawn a hyperlink between the WSJ report and the submitting, igniting hypothesis that JPMorgan may quickly launch a stablecoin.
JP Morgan information for trademark “JPMD” speculated as JPMorganDollar – their meant new StableCoin.#JPMorgan #StableCoin pic.twitter.com/HMYHSYSrm8
— MartyParty (@martypartymusic) June 16, 2025
The potential stablecoin launch comes because the US Senate superior the GENIUS Stablecoin Act in a 68-30 vote. Now, it faces the final Senate vote later right this moment. If authorized, it should head to the Home.
Not JPMorgan’s First Enterprise In The Blockchain House
JPMorgan is already lively within the blockchain area. Whereas the financial institution’s CEO Jamie Dimon has publicly bashed Bitcoin (BTC) on quite a few events, he has championed the crypto’s underlying blockchain know-how as a precious software for monetary establishments.
JPMorgan already has an lively blockchain-based interbank funds platform referred to as Kinexy, which has processed greater than $1.5 trillion in funds because it launched over 4 years in the past. Common day by day transaction volumes for the platform additionally stand at greater than $2 billion.
The financial institution additionally has a personal stablecoin referred to as JPM Coin, which is pegged 1:1 to both the US Greenback, British pound or euro.
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