According to Cointelegraph, Foresight News reports that JPMorgan Chase has submitted a trademark application for JPMD to the US Patent and Trademark Office. The scope covers crypto-related services, including digital asset trading, exchange, transfer, clearing, and payment processing. This move has sparked industry speculation about a potential stablecoin project.
In a previous Foresight News report, citing The Wall Street Journal, major commercial banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are discussing jointly issuing a stablecoin to address the growing competition in the crypto industry. Negotiating parties include Zelle payment system operator Early Warning Services and real-time payment network Clearing House.
