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JP Morgan Chase has filed a trademark application for a blockchain-based offering called JPMD, sparking speculation about a potential stablecoin launch. The filing outlines services for digital asset trading and payments but avoids explicitly mentioning stablecoins.
- JP Morgan’s JPMD trademark application focuses on blockchain-based digital asset services but avoids explicitly labeling it as a stablecoin.
- The Genius Act, expected to pass soon, could accelerate stablecoin adoption by U.S. financial institutions, creating a market boom.
- JP Morgan’s blockchain unit, Kinexys, has processed over $2 billion in daily transactions, showcasing the bank’s leadership in blockchain adoption.
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