America’s Largest Bank JPMorgan Applies for Possible Stablecoin JPMD Trademark

Description

JPMorgan Chase, the largest bank in America, has filed for a trademark for a digital currency titled JPMD with the US Patent and Trademark Office (PTO). At this stage, it is unclear what JPMD represents or whether it is a new stablecoin developed by JPMorgan in secret. A stablecoin pegs a digital currency to a real-world asset such as the US dollar. JPMorgan has taken an interest in stablecoins, signalling a change in the bank’s stance regarding using digital assets in the finance industry. The ...