Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Set to Ride on Stablecoin Traction?
    Cryptocurrency

    Set to Ride on Stablecoin Traction?

    June 17, 20252 Mins Read


    On June 15, JPMorgan JPM filed a trademark application for “JPMD” with the United States Patent and Trademark Office (USPTO), suggesting potential plans related to digital currency. This move indicates a rising interest in stablecoins, a form of cryptocurrency designed to maintain its value pegged to the U.S. dollar. The application describes “JPMD” as a product or service intended to offer “trading, exchange, transfer, and payment services for digital assets,” along with other functions associated with cryptocurrencies and blockchain technology.

    The company introduced JPM Coin in 2019 for wholesale payments, which was processing $1 billion in daily transactions by 2023. CEO Jamie Dimon, once a vocal critic of cryptocurrencies, recently softened his stance. With U.S. regulations becoming more favorable, Dimon announced last month that JPMorgan would allow clients to buy Bitcoin, though it won’t offer custody services.

    These speculations about JPMorgan intensified amid growing interest in stablecoins, especially as President Donald Trump expressed support for the industry and regulations eased. Several companies are now exploring options to integrate stablecoins, often used for cross-border transactions and as a hedge against fiat currency inflation, into their payment systems.

    According to a Wall Street Journal report, JPMorgan has been in discussions with other large banks, including Bank of America BAC, regarding the potential launch of a joint stablecoin. Further, at an industry conference in New York last week, large banks, including Bank of America and U.S. Bancorp USB, stated they were open to adopting stablecoins.

    U.S. Bancorp revealed that it is reviewing how it could use stablecoin for payments, but much of that will depend on how the new regulations shape up.

    In case stablecoins continue to gain traction, large global banks are set to benefit the most, given their solid liquidity positions. As stablecoins offer yield opportunities, traditional banks may need to increase deposit rates to stay competitive. While banks like Bank of America, JPMorgan and U.S. Bancorp are well-positioned to deal with the changes, many smaller regional banks could face greater challenges.

    Shares of JPMorgan have gained 15% compared with the industry’s growth of 10.5% in the past six months.

    Zacks Investment Research
    Zacks Investment Research


    Image Source: Zacks Investment Research

    From a valuation standpoint, JPM trades at a forward price-to-earnings ratio of 14.05X, slightly above the industry.

    Zacks Investment Research
    Zacks Investment Research


    Image Source: Zacks Investment Research



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Digital Currency Coming to Pakistan: SBP Confirms Pilot Launch Plan

    Cryptocurrency

    Pakistan to launch digital currency? Here’s all you need to know

    Cryptocurrency

    SBP plans pilot for digital currency – Newspaper

    Cryptocurrency

    Cryptocurrency News Live: Bitcoin, Ethereum, Solana prices today; memecoin updates

    Cryptocurrency

    Pakistan plans digital currency pilot

    Cryptocurrency

    RBA pushes ahead with stablecoin and digital currency trials — Capital Brief

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    Payments Fintech Finix’s Pitch Deck for Its $75 Million Series C

    Stock Market

    Stock-options : définition et fonctionnement

    Investments

    ALLIANCE DEVELOPPEMENT CAPITAL SIIC: Communiqué sur les résultats 2024

    Editors Picks

    Green steel offers calm after ‘perfect storm’ • Recycling International

    October 25, 2024

    Iraq becomes the first Arab country to adopt digital currency as a replacement for cash

    March 1, 2025

    Avec les Full Metal Punkettes l’ambiance sera de feu

    March 18, 2025

    Woman suspected of stealing $800K in ‘Trump coin’ cryptocurrency from Miami ex

    February 20, 2025
    What's Hot

    Is It Time to Buy?

    April 5, 2025

    UK nurse says there’s nothing wrong with selling property to relocate

    June 6, 2025

    Kuwait Government Issues Warning as 1,000 Sites Found Illegally Mining Cryptocurrency

    April 23, 2025
    Our Picks

    Procimmo Real Estate Sicav progresse sur six mois -Le 28 février 2025 à 08:46

    February 27, 2025

    2025, l’année de la fintech – Le Jeune Indépendant

    January 31, 2025

    Santacruz Silver Mining CEO discusses Q2 successes – ICYMI

    August 24, 2024
    Weekly Top

    Why China’s jewellery giants are selling less amid a precious metal boom 

    July 9, 2025

    SBP plans pilot for digital currency – Newspaper

    July 9, 2025

    Cryptocurrency News Live: Bitcoin, Ethereum, Solana prices today; memecoin updates

    July 9, 2025
    Editor's Pick

    L’histoire du métal sous l’œil de bédéistes

    March 30, 2025

    A nerd’s mission: End addiction in Kerala with digital currency

    April 23, 2025

    Dale Earnhardt Jr. praises energy from official who scolded Joey Logano for pit road incident

    August 17, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.