Fidelity, one of the largest financial firms in the US, is set to launch its own stablecoin.
This initiative aligns with increasing regulatory clarity under the Trump administration, which has prioritized crypto-friendly policies.
According to the Financial Times, Fidelity is in the final stages of preparing its stablecoin for a launch by the end of May. Sources indicate that Fidelity’s digital assets division will manage the project, supporting the company’s strategy to explore tokenized US Treasuries.
This development follows Fidelity’s recent proposal to the SEC to introduce an “OnChain” share class for its Treasury Digital Fund. This fund, investing in cash and US Treasury securities, aims to compete with blockchain-based money market funds like those from BlackRock and Franklin Templeton.
