Fidelity Investments is reportedly in the final stages of testing a US dollar-pegged stablecoin, signaling the firm’s latest push into digital assets amid a more favorable crypto regulatory climate under the Trump administration.
The $5.8 trillion asset manager plans to launch the stablecoin through its cryptocurrency division, Fidelity Digital Assets, data-ct-non-breakable=”null” href=”https://www.ft.com/content/7df7c1d9-9e1f-4de4-8161-1cdb6f4e0e7f” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.ft.com/content/7df7c1d9-9e1f-4de4-8161-1cdb6f4e0e7f”>according to a March 25 report by the Financial Times citing anonymous sources familiar with the matter.
The stablecoin development is reportedly part of the asset manager’s wider push into…
