Wells Fargo has quietly filed a trademark application with the U.S. Patent and Trademark Office for the ticker "WFUSD,” per a filing dated March 10.
The trademark covers cryptocurrency exchange services, blockchain-based payment verification, crypto hardware wallets, and software for accessing NFTs on-chain, among a slew of other goods and services.
While Wells Fargo has yet to publicly confirm its plans for the trademark, the ticker closely mirrors established naming conventions for stablecoins tickers, strongly suggesting the $1.9 trillion-asset bank is laying the groundwork for its own dollar-pegged digital currency.
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