JPMorgan Chase, the largest global bank, has applied for a trademark for ‘JPMD’. This covers services related to digital assets, signaling a potential U.S. Dollar-pegged stablecoin due to its related trading and payment services.
Major banks, including JPMorgan, are discussing a joint stablecoin initiative to compete with crypto-native issuers. Additionally, JPMorgan has started accepting Bitcoin ETFs as collateral for loans, indicating a growing acceptance of cryptocurrency.
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