Briefly
- World banking agency Wells Fargo utilized for a trademark for the wordmark “WFUSD.”
- The products and repair classes to be used point out cryptocurrency, stablecoins, and digital belongings.
- Different banks, like JPMorgan and Western Union have additionally utilized for emblems across the time of their respective digital token launches.
World banking agency Wells Fargo utilized for a trademark for “WFUSD” for potential use in service classes that point out cryptocurrency and stablecoins, a brand new submitting with the U.S. Patent and Trademark workplace exhibits.
The agency’s submitting, dated March 10, has been accepted by the USPTO however awaits task to an inspecting legal professional, and enters a trademark queue that extends to greater than 10 months in response to common processing occasions.
The San Francisco-based firm intends to make the most of the WFUSD wordmark throughout a number of service classes, the submitting exhibits, indicated as lessons IC 009, IC 036, and IC042. That trio extends to items and companies together with software program facilitating monetary transactions, cryptocurrency buying and selling, alternate, and fee companies, as effectively software program for processing “cryptocurrency, stablecoin, digital and blockchain belongings.”
Two of these lessons, IC 009 and IC 036, had been included in an analogous submitting by one other publicly traded banking agency, Western Union, when it filed for a “WUUSD” trademark in October.
That submitting adopted Western Union’s introduced intentions to launch a dollar-backed stablecoin—albeit utilizing a distinct ticker, USDPT—on the Solana blockchain in 2026. Usually, crypto tokens with tickers ending or together with “USD” denote a dollar-pegged stablecoin.
However tickers are typically deceiving.
Crypto customers speculated that JPMorgan could also be launching a stablecoin after it filed for a trademark for “JPMD” final June. However the agency quickly after revealed a tokenized deposit token utilizing the JPMD ticker—not a dollar-backed stablecoin.
That submitting, which additionally included class IC 036, remains to be pending.
Particulars about what Western Union goals to do with the trademark stay excellent. A consultant for the agency didn’t instantly reply to Decrypt’s request for remark.
The publicly traded agency has been related to crypto for years, dismissing claims that the asset class was a “fad” as early as 2020. The agency offered its members with entry to Bitcoin ETFs in early 2024, and final 12 months it was included in a group of banks discussing a possible joint stablecoin enterprise.
Shares in Wells Fargo & Firm (WFC) have dipped 1.8% on the day, not too long ago altering fingers round $77.60. Shares are down round 17.5% year-to-date, however have gained greater than 14% within the final full 12 months of buying and selling.
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