US banking giant Wells Fargo has officially filed a trademark application with the US Patent and Trademark Office (USPTO) for the name “WFUSD,” covering a wide range of cryptocurrency trading, payments, and blockchain software services.
The application includes protection for services such as cryptocurrency trading, exchange, payment processing, financial brokerage, and electronic transfer of virtual currencies. It also encompasses software tools for staking digital assets, accessing NFTs, managing crypto wallets, and executing digital asset trades.
Staking and Tokenization Services Included
Additionally, the filing mentions cryptocurrency payment processing, electronic transfers of virtual currencies, financial data feeds for blockchain-based smart contracts, and software-as-a-service platforms for tokenizing assets and verifying blockchain transactions. Authentication services and blockchain-based data transmission tools for decentralized applications are also part of the trademark application.
Wells Fargo files for WFUSD trademark. Source: USPTO
While the filing does not guarantee a product launch, it indicates Wells Fargo’s potential interest in offering cryptocurrency services. Wells Fargo is a prominent American multinational financial services company and one of the “Big Four” US banks.
Stablecoin Initiatives by Banks
This trademark filing follows discussions among major US banks, including JPMorgan, Bank of America, Citigroup, and Wells Fargo, about a joint stablecoin project in 2025. Fidelity Digital Assets also recently launched the Fidelity Digital Dollar (FIDD), a stablecoin pegged to the US dollar on the Ethereum blockchain.
Overall, the banking industry is increasingly exploring cryptocurrency and blockchain technologies, indicating a potential shift towards digital assets in the future.
