Fidelity Launches USD Stablecoin: Report

Fidelity Investments to Launch USD-Pegged Stablecoin

• Fidelity Investments is in advanced stages of testing a dollar-backed stablecoin.
• The firm manages $5 trillion in assets under management (AUM).
• The stablecoin will be managed by Fidelity’s digital assets arm.
• The initiative is part of Fidelity’s expansion into tokenized US Treasury bonds.
• A recent SEC filing was made for a blockchain-based Fidelity Treasury Digital Fund.

Fidelity Investments, managing $5 trillion in AUM, is advancing its plans to introduce a dollar-backed stablecoin, expanding into the tokenized US Treasury bond market with an SEC filing for a blockchain-based fund.