The big US bank wants to secure the trademark “WFUSD” for crypto trading, payments, staking software, and blockchain-based financial services.
Wells Fargo, a big bank in the US, has applied for a trademark that covers many services related to cryptocurrency trading, payments, and blockchain software.
On Tuesday, a filing was made with the US Patent and Trademark Office (USPTO) to secure the name “WFUSD”. Official trademark records indicate that the application is currently awaiting the assignment of an examining attorney.
Source: USPTO
Software, Staking and Tokenisation Services
The filing includes a long list of possible products and services related to digital assets, such as “cryptocurrency trading services”, “cryptocurrency exchange services,” “cryptopayment processing”, “financial broking services for cryptocurrency trading,” and “electronic transfers of virtual currencies.”
The trademark also covers software products made for blockchain networks. The app has a list of apps that may be downloaded to stake digital assets, get non-fungible tokens (NFTs), manage crypto wallets, and make trades using digital assets.
The document also discusses other services, such as processing cryptocurrency payments, sending virtual currencies electronically, and financial data feeds that give blockchain-based smart contracts price information.
Wells Fargo’s trademark application mentions software-as-a-service platforms for tokenising assets, checking blockchain transactions, and letting people stake cryptocurrencies. This is in addition to trading infrastructure. The filing also encompasses authentication services and blockchain-based data transmission mechanisms used in decentralised applications.
Companies regularly file for trademarks to protect their name for future products, even though trademark applications don’t ensure a product launch.
Wells Fargo is one of the “Big Four” US banks and a well-known American multinational financial services firm.
Banks Are Increasingly Exploring Stablecoins
The new trademark application comes following reports that several big US banks, such as JPMorgan, Bank of America, Citigroup, and Wells Fargo itself, talked about working together on a stablecoin project in 2025.
Fidelity Digital Assets also released the Fidelity Digital Dollar (FIDD) earlier this year. It is a fully collateralised stablecoin on the Ethereum blockchain that is tied to the US dollar at a 1:1 ratio.