Mars Finance News, on June 17, JPMorgan Chase has applied for the "JPMD" trademark. Market rumors suggest that "JPMD" stands for "J.P. Morgan Dollar" and may become the company's upcoming dollar stablecoin. The JMPD trademark service scope will include electronic fund 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 has also recently announced that it will begin accepting Bitcoin and other cryptocurrency-based ETFs as loan collateral. If JPMorgan Chase ultimately launches a stablecoin, it would mark a significant step for a company that was previously opposed to cryptocurrencies into the crypto space.
JPMorgan Chase applies for the "JPMD" trademark, which may pave the way for its stablecoin business
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