Briefly
- The US investment bank JP Morgan Chase has submitted a trademark request for an offer based in Blockchain called JPMD.
- The application does not use the word “stablecoin”.
Jpmorgan Chase submitted To offer a web3 called JPMD with the US Patents Office and Protective Signs, eliminating the speculation that the US investment bank plans to launch Stablecoin.
The reporting sign, filed on June 15, describes a project that involves “Trading, Exchange, Transmission and Payments for digital assets” issued on Blockchains. The American PTO accepted – but not yet approved – the proposal.
Submissions neither uses the word stablecoin, nor does it describe plans to issue digital assets attached to one in one US dollar or other fiat currency-Key characteristic of stablecoin.
However, some experts in the Crypto Industry have noticed the focus of proposals to services associated with the cryptocurrencies, from harmonization and removal of financial transactions to the transmission of the digital currency, as indicators that JPMD could be stable.
“It[‘]It’s not like Wall Street to buy all the coins, but they definitely want to adopt technology (occasionally through squeezed teeth) “,” Samidentitified employee of the APTOS laboratory by the user name Zacharyr0th said Monday in the x post.
The letter “D” in the initialism of JPMD is a “dollar”, as in JP Morgan Dollar. This would harmonize the name of the potential stable stable state of JP Morgan with those of the more popular tokens, such as the American dollar circular coin.
JP Morgan did not immediately respond Decipherptic Request for comment.
Submitting the application comes as US legislators move forward on the installation of regulatory protection for stablecoins into the law through an ingenious act. The proposal of the law, which is expected to pass this summer, would probably increase the banks and other financial institutions in the United States, which led to stable flourishing on the market.
On the eve of the passing of the ingenious law, several crypto and non-crypto of the company creates a rush into Stablecoins in an effort to use loose limitations for digital assets.
The Criptovalut Customer Customer Bitgo announced last fall’s debut of its Stabibecoin USD, while Trump’s World Liberty project supported by families said that in March it would make a debut debut in March USD, a token in dollars supported by US treasury, dollars and monetary equivalent.
The potential stable plans of JP Morgana also come as the financial institution continues to experiment with digital property and blockchain technology that supports them.
The Bank introduced its blockchain unit in 2020, onyx, making it one of the earliest experimenters with distributed-leader technology among major financial institutions in the USA renamed Kinexys last year, the Blockchain system allegedly processed more than two billion dollars of daily transactions from its settlement, according to the project website.
Edited by James Rubin
Daily review Bulletin
Start every day with top news, plus original features, podcast, videos and more.
