JPMorgan Chase applies for JPMD trademark, may launch US dollar stablecoin

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On June 17, 【Block Rhythm】, JPMorgan has applied for the "JPMD" trademark. Market rumors suggest that "JPMD" stands for "J.P. Morgan Dollar," which may become the dollar stablecoin the company is currently developing. The services covered by the JMPD trademark will include electronic funds transfer, securities brokerage, real-time token trading, accomplice services, and secure online financial transactions. The trademark application was submitted this Monday and is currently awaiting approval.

JPMorgan recently announced that it will begin accepting Bitcoin and other cryptocurrency-based ETFs as collateral for loans. If JPMorgan ultimately launches a stablecoin, it will signify an important step for this company, which once opposed cryptocurrencies, into the crypto space.

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StableGeniusvip
· 06-19 22:02
as predicted... they all come crawling back to crypto eventually
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CryptoTherapistvip
· 06-18 02:28
let's sit with this market fomo and examine our collective trauma response to jp's crypto conversion
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HodlNerdvip
· 06-17 23:52
fascinating how game theory predicted this institutional adoption phase... the numbers never lie
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NullWhisperervip
· 06-17 00:58
hmm... technically speaking the attack surface just expanded significantly.
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Layer2Arbitrageurvip
· 06-17 00:54
actually ngmi with those cross-chain tx costs
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CryptoComedianvip
· 06-17 00:51
The old fox can't sit still.
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AltcoinAnalystvip
· 06-17 00:49
Based on on-chain data analysis, the liquidity of JPMD is likely to be controlled within the range of 3-5 billion USD, but it is a cautious reminder that there is regulatory pressure for such enterprises to issue coins... It is necessary to always be alert to liquidation risks, and it is advisable to wait and diversify allocations.
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FlashLoanLarryvip
· 06-17 00:30
told ya...jpm's been position building since q1. classic backrunning strat
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