JPMorgan Chase applies for "JPMD" trademark, or lays the groundwork for its stablecoin business

According to BlockBeats, on June 17th, JPMorgan Chase applied for the "JPMD" trademark. Market rumors suggest that "JPMD", also known as "J.P. Morgan Dollar," may become the company's developing stablecoin for the US dollar. The scope of JMPD trademark services will include electronic fund transfer, securities brokerage, real-time token trading, custody services, and secure online financial transactions. The trademark application was submitted on Monday of this week and is currently awaiting approval. JPMorgan recently announced that it will begin accepting Bitcoin and other cryptocurrency based ETFs as collateral for loans. If JPMorgan eventually launches stablecoins, it will mean that this company, which used to oppose cryptocurrencies, has taken an important step towards the cryptocurrency field.