JPMorgan Chase has filed a trademark for “JPMD” in the United States, hinting at a significant expansion into digital asset services. The application covers a broad suite of crypto-focused offerings, including trading, transfers, exchanges, clearing, and payment processing—raising industry speculation about an upcoming stablecoin launch.

While the term “stablecoin” was not explicitly used, this move follows a Wall Street Journal report suggesting JPMorgan, alongside Bank of America and Wells Fargo, may be working on a joint stablecoin. Such a coin would rival existing giants like Tether and USDC, aiming to speed up both domestic and international transactions.

JPMorgan is no stranger to blockchain. Its platform, Kinexy (formerly Onyx), has already moved more than $1.5 trillion in interbank payments using JPM Coin, a private stablecoin pegged to major fiat currencies. Despite CEO Jamie Dimon’s vocal criticism of Bitcoin, he continues to champion blockchain’s utility in modern finance.

The timing of the JPMD trademark coincides with growing regulatory momentum in Washington. The U.S. Senate recently advanced the GENIUS Act, a landmark bill that could soon bring comprehensive stablecoin regulation. The bill passed a key procedural vote 68-30 and now awaits full debate before heading to the House. If approved, it will go to President Trump for final sign-off.

The stablecoin sector is currently worth $251.7 billion, led by Tether at $156.3 billion and Circle’s USDC at $61.3 billion, according to DeFiLlama. JPMorgan’s entrance could reshape the competitive landscape, bringing institutional weight and credibility to crypto’s most regulated frontier.