U.S. banking giant Wells Fargo has filed a trademark application for “WFUSD”, Cointelegraph reported on March 11.
The filing covers cryptocurrency trading, payment processing, staking software and blockchain financial services, and is under review at the U.S. Patent and Trademark Office (USPTO).
The trademark application includes digital asset trading, NFT access, cryptocurrency wallet management, electronic money transfers and the provision of financial data for smart contracts. It also specifies software platforms to support asset tokenisation, blockchain transaction verification and cryptocurrency staking. Cointelegraph said this is seen as an attempt by Wells Fargo to build cryptocurrency financial infrastructure.
Wells Fargo is one of the top 4 U.S. banks and has recently discussed a stablecoin project with JPMorgan, Bank of America and Citigroup.
Chi-gyu Hwang
delight@d-today.co.kr