JPMorgan has registered the "JPMD" trademark to support its encryption asset business, and the stablecoin project is emerging.

Just as the stablecoin bill "GENIUS Act" is about to move forward for substantial review, JP Morgan ( has submitted a trademark application for "JPMD" to the United States Patent and Trademark Office, covering various encryption asset-related businesses. There is speculation about whether they will issue their own stablecoin.

The trademark application for "JPMD" includes encryption asset business.

On June 16, JPMorgan Chase submitted a "JPMD" trademark application to the United States Patent and Trademark Office )USPTO(, providing services for the trading, exchanging, transferring, and payment of digital assets, which include:

虛擬貨幣 )Virtual Currency(

數位貨幣 )Digital Currency(

數位代幣 )Digital Tokens(

Payment Tokens )Payment Tokens(

Decentralized Application Tokens )

Based on blockchain coin (Blockchain Enabled Currency)

Although the document does not directly mention "stablecoin", outsiders believe that this may be a step for JPMorgan to promote its own stablecoin.

"JPMD" supports DeFi infrastructure

In addition, JPMorgan plans to create a platform through "JPMD" to support blockchain financial infrastructure, expecting to introduce distributed ledger technology (DLT) for the trading, clearing, securities settlement, and brokerage services of digital assets, further advancing its layout in the DeFi field.

Financial institutions are competing for the stablecoin market, and the "GENIUS Act" is accelerating the push forward.

Brian Moynihan, the CEO of Bank of America, publicly stated on June 11 that he is working with industry professionals to develop a dollar-pegged stablecoin, further confirming several rumors that have circulated in the market over the past few months.

According to reports, several large financial institutions, including JPMorgan Chase and Bank of America, are considering collaborating to issue a stablecoin. Currently, the external perception is that the recent trademark application for "JPMD" is likely related to the rumors about issuing a stablecoin at that time.

The timing of the application for "JPMD" coincides with the implementation of the stablecoin legislation, the "GENIUS Act." Currently, the bill has officially entered substantive review and is expected to be submitted to the House of Representatives before August, allowing U.S. President Trump to sign the bill.

Kinexy has processed a trading volume of 1.5 trillion dollars, with a hundred competing in the stablecoin market.

A few years ago, JPMorgan Chase launched a blockchain payment platform called Kinexy and issued its own stablecoin JPM Coin, which is used to settle its banking transaction business. To date, it has processed a total transaction amount exceeding 1.5 trillion dollars.

JPM Coin adopts a 1:1 peg to fiat currency, currently corresponding to the US dollar, British pound, and Euro, mainly used for trading and settlement services between large institutions.

According to CoinGecko data, the global stablecoin market capitalization has reached $261.4 billion. If JPMorgan Chase successfully collaborates with other banks to launch a stablecoin, it will directly enter this highly competitive and profitable market.

( Clear regulation assists! American banks expose that they are developing their own dollar stablecoin: We must be ready )

This article discusses JPMorgan's registration of the "JPMD" trademark to support its encryption asset business, with stablecoin plans emerging, first appearing in Chain News ABMedia.