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JP Morgan Files Trademark for JPMD: Is It a Stablecoin?

The U.S. investment bank has submitted a regulatory filing has submitted a regulatory filing to trademark JPMD—a mysterious project proposal that some crypto industry experts are saying could be a stablecoin.

JPMorgan Chase has filed for a Web3 offering called JPMD with the U.S. Patent and Trademark Office, stoking speculation the U.S. investment bank is planning to launch a stablecoin. 

The trademark application, filed on June 15, describes a project that entails “trading, exchange, transfer and payment services for digital assets” issued on blockchains. The U.S. PTO has accepted—but not yet approved—the proposal.

JP Morgan Files Trademark for JPMD: Is It a Stablecoin?

The U.S. investment bank has submitted a regulatory filing has submitted a regulatory filing to trademark JPMD—a mysterious project proposal that some crypto industry experts are saying could be a stablecoin.

JPMorgan Chase has filed for a Web3 offering called JPMD with the U.S. Patent and Trademark Office, stoking speculation the U.S. investment bank is planning to launch a stablecoin. 

The trademark application, filed on June 15, describes a project that entails “trading, exchange, transfer and payment services for digital assets” issued on blockchains. The U.S. PTO has accepted—but not yet approved—the proposal. 

https://decrypt.co/325431/jp-morgan-files-trademark-for-jpmd-is-it-a-stablecoin