Wall Street Giant JPMorgan Makes Significant Crypto Move with JPMD Platform

TLDR JPMorgan filed a trademark for “JPMD” covering digital property trading, exchange, clearing, transfer and payment processing services The filing comes after reports that JPMorgan and other major banks are considering releasing a joint stablecoin JPMorgan currently runs Kynexis blockchain platform processing over $2 billion day-to-day with JPM Coin CEO Jamie Dimon just recently said the […] The post Wall Street Giant JPMorgan Makes Major Crypto Move with JPMD Platform appeared initially on CoinCentral.

A May 22 Wall Street Journal report mentioned that JPMorgan, Bank of America, and Wells Fargo are thinking about releasing a joint stablecoin venture.Many analysts are questioning whether the hallmark filing and the stablecoin conversations are connected. The banks would apparently complete straight with existing stablecoin providers like Tether and Circle.JP Morgan files for trademark “JPMD” speculated as JPMorganDollar– their meant brand-new StableCoin. The legislation would develop federal oversight for stablecoin issuers.The existing stablecoin market capitalization stands at $251.7 billion according to DefiLlama information.