JPMorgan Chase has just dropped a bombshell by filing a trademark application for "JPMD", a possible sign that the banking giant is getting ready to dive into blockchain and crypto services. Could this be a hint towards a stablecoin launch? Let’s break it down.
JPMorgan’s latest move is filing a trademark with the US Patent and Trademark Office, outlining a whole range of crypto services. These include digital asset trading, exchanges, transfers, clearing, and payment processing. No surprise here; it looks like JPMorgan is making serious moves to expand its blockchain and crypto operations.
And let’s be real, could this trademark filing be the bank’s way of hinting at a stablecoin? It didn’t say it outright, but there’s certainly a lot of speculation after a report from The Wall Street Journal on May 22. That article suggested that JPMorgan, along with Bank of America and Wells Fargo, might be cooking up a joint stablecoin. Some think the filing and report are connected. After all, what’s the use of all this crypto talk if a stablecoin isn’t on the horizon?
JP Morgan files for trademark "JPMD" speculated as JPMorganDollar - their intended new StableCoin.#JPMorgan #StableCoin pic.twitter.com/HMYHSYSrm8
— MartyParty (@martypartymusic) June 16, 2025
Stablecoin Rumblings and Blockchain Rails
The thought of JPMorgan launching a stablecoin is turning heads. While the word "stablecoin" doesn’t pop up in the application itself, it doesn’t take much to read between the lines. The bank could be gearing up for something big here, like offering services on blockchain rails, and a stablecoin is just the obvious next step.
Now, don’t go thinking that JPMorgan is just waking up to the power of blockchain. Their CEO, Jamie Dimon, may have a history of dissing Bitcoin, but he’s always been a fan of what blockchain can do for the financial industry. JPMorgan’s platform, Kinexy (formerly Onyx), has already processed over $1.5 trillion in interbank payments using JPM Coin—a private stablecoin pegged to the US dollar, British pound, or euro. So yeah, they know what they’re doing in the crypto space.
The US Stablecoin Bill is Gaining Momentum
Meanwhile, the US Senate is making moves too. Last week, they voted 68-30 to advance the GENIUS Act, a bill that could reshape the future of stablecoins in the US. If this bill passes, it could pave the way for JPMorgan’s stablecoin to hit the market faster than you can say “blockchain innovation.”
Currently, the stablecoin market sits at a cool $251.7 billion in total market cap, with Tether (USDT) and Circle’s USDC leading the charge at $156.3 billion and $61.3 billion, respectively. As the space heats up, JPMorgan might just want a slice of that action.
Emily Johnson
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource, and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice. HODL FM strongly recommends contacting a qualified industry professional.
