J.P. Morgan has filed for a trademark tied to what appears to be a new blockchain-based asset dubbed JPMD, raising fresh speculation that the banking giant may be preparing another stablecoin-style product, reported FinanceFeeds.
The filing outlines a wide-ranging digital asset platform that would cover trading, transfers, brokerage, clearing, and electronic payments — all powered by blockchain technology. While the term “stablecoin” doesn’t appear explicitly, the scope of the application strongly hints at it.
If JPMD does emerge as a new stablecoin, it would add another heavyweight player to a space currently dominated by private issuers like Tether and Circle — and one that’s increasingly drawing attention from regulators, banks, and bigtech alike.