Wells Fargo files “WFUSD” trademark, signaling launch of dollar-backed stablecoin
Crypto Briefing
Wells Fargo filed a trademark for “WFUSD,” indicating plans to launch a U.S. dollar-backed stablecoin.Summary
Wells Fargo has filed a trademark application for “WFUSD” with the USPTO, suggesting the bank intends to participate in the stablecoin market. The filing encompasses a range of services including software, blockchain platforms, digital payments, crypto trading, staking, wallets, tokenization, and smart contracts. This move follows earlier reports of a collaborative stablecoin initiative involving several major U.S. banks, aiming to compete with existing digital asset platforms. JPMorgan has already launched JPMD, a similar token for institutional clients, while Wells Fargo’s WFUSD appears to be in the early stages of development.
(Source：Crypto Briefing)