• Wells Fargo has filed a trademark application for “WFUSD,” indicating potential plans to offer digital asset and cryptocurrency services.
• The filing points to possible products such as crypto trading, exchange services, payment processing, and digital asset wallets.
• This move would represent an expansion of Wells Fargo’s role in the growing crypto and blockchain segment of financial services.

Shares of Wells Fargo (NYSE:WFC) last closed at $76.88, with the stock showing a 14.0% return over the past year and a 113.7% return over three years. The bank’s filing for WFUSD follows a recent pullback, with declines of 8.4% over the past week and 18.7% over the past month, alongside a 19.2% decline year to date.

If WFUSD leads to new products…