Crypto Token Tracker logo Crypto Token Tracker logo
The Defiant 2025-03-26 14:35:01

Fidelity to Launch Stablecoin, Joining Tokenized Treasuries Market Amid Trump's Support

Fidelity Investments, managing assets worth approximately $6 trillion, is preparing to launch its own cryptocurrency stablecoin. The stablecoin is currently in advanced stages of testing, managed by the company's digital assets arm, according to reports from the Financial Times. The stablecoin is designed to serve as digital cash within Fidelity's blockchain-based fund, specifically linked to its money market fund. This move is part of Fidelity's broader strategy to expand into the digital assets market, including plans to launch a tokenized version of its U.S. dollar money market fund. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.