JP Morgan Exec Wary of ‘Overcrowding’ Stablecoin Market as Bank Registers JPMD Trademark

Exec S Wall Street Giant JP Morgan said at a Digiassets 2025 conference on Tuesday that it was careful that he had to move on the “overcrowded” Stablecoin market on the market. But she said that Less than 48 hours Once the bank has registered a trademark For JPMD, which he said he intended to use for payments and “virtual currency, a digital currency”.

“I just think that as an industry, we all just need to take a little step back and think about it in the end to over run the market or whether it will be more fragmentation,” because the companies decide to use our own, Emma Lovett, the CEO at the JPMORGAN Chase, speaking at the London conference.

Lovett directs markets markets distributed book technology and credit efforts.

“We all know that we are the middle of this great, stabloic hyper,” she added. “But I think, for two or three years, it will be interesting to see how the market is developing in the sense who has issued its own stable paths and who uses anything.”

Much of that hype was driven by progress on An ingenious acta double -sided proposal for the law aimed at establishing a regulatory framework for stablecoins and digital property. It was fueled and “the moment of landing in the moon” IPO Circle of USDC issuer – obviously not a traditional institution on Wall Street, but makes $ 61.5 billion worth $ 261 billion in total market border Stablecoin, states Coingecko data.

Jpm goes solo?

Last month JPM was one of the banks related reported In order to join with several institutions-input Bank of America, Citigroup and Wells Fargo explore the partnership to face treecoin, unnamed sources said Wall Street Journal.

But the sources added that all these plans would depend on the waiting fate Stabibelo’s legislation. These banks could soon get a clear signal about the fate of their plans Stablecoin.

The Genius Law is scheduled to vote later this afternoon. So far, Bo Hines, Executive Director of Council of Advisor Donald Trump for digital assets, make it optimistic that the Senate will give the Law Proposal Green Light.

“Excited to have passed the ingenious act today,” he wrote on the xadding that this will help “establish American dominance in the innovation of digital assets” and “protect the role of US dollars as a world spare currency.”

He is not alone in thinking that he has now cut the advantage for himself because of his regulatory embrace of cryptocurrencies. At the same London conference, the CEO of Property Manager Franklin Templeton said that the European Union risks to becoming “”Flower zone“While now Asia is progressing to accept digital assets.

Additional reporting Stephen Graves

Edited Andrew Hayward