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JPMorgan Chase has filed a brand new trademark software within the US for “JPMD,” igniting hypothesis that the financial institution would possibly quickly launch a stablecoin.
The software was filed with the US Patent and Trademark Workplace on June 15, and mentions crypto-related companies together with digital asset buying and selling, switch, change, fee processing and clearing.
Is JPMorgan Working On Stablecoin Launch With Different Banks?
JPMorgan’s submitting follows a Could 22 report by the Wall Road Journal (WSJ) that stated JPMorgan and different banking giants are contemplating a joint stablecoin launch.
The WSJ report added that the banks view stablecoins as a strategic instrument to reinforce current fee rails and velocity up cross-border settlements. These banks would additionally compete immediately with current, crypto-native issuers, the report stated.
Whereas “stablecoin” was not particularly talked about in JPMorgan’s latest submitting, trade observers have already drawn a hyperlink between the WSJ report and the submitting, igniting hypothesis that JPMorgan might quickly launch a stablecoin.
JP Morgan information for trademark “JPMD” speculated as JPMorganDollar – their supposed 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 at the moment. If accepted, it can head to the Home.
Not JPMorgan’s First Enterprise In The Blockchain House
JPMorgan is already lively within the blockchain house. 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 expertise as a helpful instrument 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 every day transaction volumes for the platform additionally stand at greater than $2 billion.
The financial institution additionally has a non-public stablecoin referred to as JPM Coin, which is pegged 1:1 to both the US Greenback, British pound or euro.
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