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JPMorgan Chase has filed a new brand request in the United States for “JPMD”, triggering speculation that the bank could soon launch a stablecoin.
THE application Was filed with the American Patent and Marks Bureau on June 15, and mentions the services related to the crypto, including trading of digital assets, transfer, exchange, payments treatment and compensation.
Does JPMorgan work on the launch of Stablecoin with other banks?
The JPMorgan file follows a report of May 22 of the Wall Street Journal (WSJ) which said that JPMorgan and other banking giants are considering a joint launch of the ecuptive.
The WSJ report added that banks consider stablecoins as a strategic tool to improve existing payment rails and speed up cross -border regulations. These banks would also compete directly with existing and native transmitters, according to the report.
Although “Stablecoin” was not specifically mentioned in the recent JPMorgan file, industry observers have already established a link between the WSJ report and the file, triggering speculation that JPMorgan could soon launch a stablecoin.
JP Morgan drops off for the “JPMD” brand speculated like Jpmorgandollar – their new stable planned.#Jpmorgan #Stablecoin pic.twitter.com/hmyhsysrm8
– Martyparty (@Martactartymusic) June 16, 2025
The potential launch of Stablecoin occurs while the US Senate advanced the Stablecoin Genius law during a 68-30 vote. Now he faces the last Senate Vote later in the day. If he is approved, he will go to the house.
Not the first JPMorgan adventure in the blockchain space
JPMorgan is already active in the blockchain space. While the CEO of the bank Jamie Dimon Publicly struck Bitcoin (BTC) on numerous occasions, he defended technology from the underlying blockchain of crypto as a precious tool for financial institutions.
JPMorgan already has an interbank payment platform based on the active blockchain called Kinexy, which has treaty Over $ 1.5 billion in payments since its launch over 4 years ago. Average daily transaction volumes for the platform also amount to more than $ 2 billion.
The bank also has a private stablecoin called JPM Coin, which is set 1: 1 to the US dollar, the British pound or the euro.
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