The largest bank in the country was filed for a trademark related to the digital currency with the patent office and trademark (USPTO). That move has led to some to speculate for “JPMD” reflects increasing interest in the bank for Stablecoins“The type of cryptocurlency that is designed to maintain the value in accordance with the US dollar.
The application he has submitted JpMorGanchase 15. June, according to Upto’s website. The application is listed “JPMD” as a good or service that would provide “trade, exchange, transfer and services for digital assets”, between other categories related to cryptocurrency and BlockChain technology.
Until the bank confirmed his intention to start a new cryptocurst, some K Users believe that “JPMD” is a reference to the upcoming offers Stablecoin. “Stablecoin from jpmorgan is incoming,” one user wrote in a mail on X. “$ Jpmd is a ticker. “
Another x user wrote“The world’s largest bank that accepts StableCoin is your sign to stay Ultra Bullish.”
Social media posts did not offer any additional evidence of the bank plans, and JPMorganChase immediately responded to the comment request Happiness.
Speculation is in the midst of a renewed interest in Stablecoine as President Donald Trump hugs the industry. Numerous companies have researched ways to implement stablecoins, which are often used to solve cross-border transactions and protection of inflation currency, in their canvas infrastructure.
In March, Property Property Fidelity announced If he had “actively tested” Stablecoin, but he did not have plans that he could not start the product at this point.
Last month, the Wall Street Journal reported JPMorGanchase was included in conversations with Bank of America, Citigroup, Wells Fargo and other commercial banks on potentially issuing a common stablecon, inviting people who are familiar with this issue.
Companies outside the world of funding are also considering stablecoins. In May, Happiness export That Mark Zuckerberg’s Target It was in conversations with CRIPTO companies to integrate stablecoins into payout management. Earlier this month, Happiness export that next to the target, AppleK, Airbnb and Google Everyone investigated the use of stablecoin.
Whether “JPMD” stablecoin or another type of cryptocurlency, it is not the first raid of the bank in the space of digital property. JpMorgan has been launched Jpm coinCryptocurrency used for business at wholesale banks, 2019. years. Company announced 2023. year that JPM coin handled a billion transaction in the amount of $ 1 billion every day.
Until recently, JPMorGanchasase Jamie Dimon was Stop the critic the crypto industry. 2021. Dimon was called Bitcoin, the most popular cryptocurca, “worthless”. In 2022 years, he told Congress that the only case for CRIPTO for CRIPTO for CRIPTO for “criminals, drug traffickers … money laundering, tax laundering, avoiding taxes.”
However, as the regulatory environment in the US is warm to the idea of digital property, Dimon changed his melody. Last month, Dimon announced that JPMorGanchase will allow customers to buy Bitcoin But he wouldn’t detain it.
This story is originally presented Fortune.com
