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