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JP Morgan executive Emma Lovett has raised concerns about an overcrowded stablecoin market, even as the bank files a trademark for its own digital currency, JPMD. Major U.S. banks are reportedly exploring stablecoin partnerships, pending regulatory clarity from the GENIUS Act.
- JP Morgan filed a trademark for 'JPMD,' hinting at a potential digital currency launch amid stablecoin market concerns.
- The GENIUS Act, a bipartisan stablecoin regulation bill, could determine whether major U.S. banks proceed with stablecoin partnerships.
- Industry leaders warn that without coordination, the stablecoin market may become overly fragmented, diluting its efficiency.
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