TechFlow news — On March 26, according to the Financial Times citing sources 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 an application to launch a digital version of its U.S. money market fund by the end of May, positioning itself to directly compete with traditional asset management rivals such as BlackRock and Franklin Templeton.
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