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JPMorgan Chase has filed a brand new trademark utility within the US for “JPMD,” igniting hypothesis that the financial institution would possibly quickly launch a stablecoin.
The utility was filed with the US Patent and Trademark Workplace on June 15, and mentions crypto-related providers together with digital asset buying and selling, switch, alternate, fee processing and clearing.
Is JPMorgan Working On Stablecoin Launch With Different Banks?
JPMorgan’s submitting follows a Might 22 report by the Wall Avenue Journal (WSJ) that mentioned JPMorgan and different banking giants are contemplating a joint stablecoin launch.
The WSJ report added that the banks view stablecoins as a strategic device to boost current fee rails and pace up cross-border settlements. These banks would additionally compete instantly with current, crypto-native issuers, the report mentioned.
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 may quickly launch a stablecoin.
JP Morgan recordsdata 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 right now. If authorised, it’ll head to the Home.
Not JPMorgan’s First Enterprise In The Blockchain House
JPMorgan is already energetic 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 device for monetary establishments.
JPMorgan already has an energetic 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 each day transaction volumes for the platform additionally stand at greater than $2 billion.
The financial institution additionally has a personal stablecoin referred to as JPM Coin, which is pegged 1:1 to both the US Greenback, British pound or euro.
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