According to ChainCatcher and Cointelegraph, JPMorgan Chase has submitted a trademark application for "JPMD" to the US Patent and Trademark Office, covering blockchain financial services such as digital asset trading and payment processing. While the application does not explicitly mention stablecoins, The Wall Street Journal reported on May 22 that the bank is discussing plans to jointly issue stablecoins with several major banks.
Currently, JPMorgan's Kin platform has processed over $1.5 trillion in blockchain payments through JPM Coin. This application comes as the US Senate advanced the 'GENIUS Stablecoin Act' with a vote of 68:30, which would be submitted to the President for signing if passed by both houses.
