Insider: Fidelity is advancing plans to launch its own stablecoin and is currently in the late testing phase.
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Insider: Fidelity is advancing plans to launch its own stablecoin and is currently in the late testing phase.
According to the Financial Times, citing people familiar with the matter, asset management giant Fidelity Investments is advancing plans to launch its own stablecoin as part of its expanded digital assets strategy. The stablecoin will be managed by its digital assets division and is currently in the late stages of testing. Over the weekend, Fidelity filed to launch a digital version of its U.S. money market fund by the end of May this year, putting it in direct competition with traditional asset management rivals such as BlackRock and Franklin Templeton.
Navigating Web3 tides with focused insightsTechFlow news, March 26 — According to the Financial Times citing知情人士, Fidelity Investments, the asset management giant, is advancing plans to launch its own stablecoin as part of its broader digital assets strategy. The stablecoin will be managed under its digital assets division and is currently in the late stages of testing.
Over the weekend, Fidelity filed an application to launch a digital version of its U.S. money market fund by the end of May this year, positioning itself to directly compete with traditional asset management rivals such as BlackRock and Franklin Templeton.
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