Fidelity Investments – one of the largest asset managers in the United States – is nearing the launch of its own US dollar-pegged stablecoin.
This move comes at a time when the regulatory landscape for cryptocurrencies in the US has grown more favorable, particularly under the Trump administration’s friendly policies.
Fidelity Testing US Dollar-Pegged Stablecoin
According to the latest report by the Financial Times, the financial giant is in the final stages of testing the stablecoin through its digital assets division, Fidelity Digital Assets. The stablecoin is expected to debut by the end of May and is part of a broader push by the firm into the cryptocurrency sector.
In addition to the stablecoin, Fidelity has recently filed with the US Securities and Exchange Commission (SEC) to launch an Ethereum-based “OnChain” share class for its Treasury Digital Fund, which invests primarily in US Treasury securities.
Fidelity’s stablecoin initiative comes as the stablecoin market c
We współpracy z: https://cryptopotato.com/fidelitys-us-dollar-pegged-stablecoin-set-for-may-launch-report/
