JPMorgan Chase has filed a trademark application for "JPMD" with the US Patent and Trademark Office, indicating possible growth in its blockchain and cryptocurrency services.
The application, filed on Sunday, covers digital asset trading, payments, and clearing, fueling speculation about a possible stablecoin launch.
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Although the application does not explicitly mention stablecoins, a recent report by the Wall Street Journal revealed that JPMorgan, Bank of America, and Wells Fargo are exploring a joint stablecoin project.