JP Morgan Chase’s trademark, JPMD, reportedly resembles a stablecoin initiative but the filing avoids using the term and does not describe a fiat-pegged asset.

Quotes that support claims

Although the term “stablecoin” does not appear in the filing, it outlines a wide scope of “goods/services” that touch nearly every corner of the digital asset ecosystem, from clearing to data transmission.

The filing neither uses the word stablecoin, nor describes plans to issue a digital asset pegged one-to-one to the U.S. dollar or another fiat currency—a key characteristic of stablecoins.