{"id":9814,"date":"2024-01-15T20:25:58","date_gmt":"2024-01-15T20:25:58","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9814"},"modified":"2024-01-15T20:26:27","modified_gmt":"2024-01-15T20:26:27","slug":"fidelity-stablecoins-and-defi-are-a-boon","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/","title":{"rendered":"Fidelity: “Stablecoins and DeFi are a boon”!"},"content":{"rendered":"

Fidelity, one of the world’s largest asset managers, says that the expected interest rate cut by the Fed in the US could renew interest from major institutions in decentralized finance (DeFi) and stablecoins, as long as the infrastructure continues to develop this year.<\/p>\n

\n

You might like: Bitcoin and Cryptocurrencies: Latest Status \u2013 January 15<\/strong><\/em><\/span><\/a><\/p>\n<\/blockquote>\n

In its 2024 Digital Assets Outlook report, published on January 13, Fidelity said it had expected institutions to turn to DeFi for yields last year, but that this did not happen as the Fed’s interest rate hikes pushed them to move into a perceived safer environment.<\/p>\n

DeFi platforms were previously thought to have difficult-to-use interfaces and to be vulnerable to attacks and exploits, leading institutions to “scrutinize the risks associated with smart contracts.”<\/p>\n

The report said, “In the prevailing risk-averse environment, institutions believe that the mid-single-digit yields offered by DeFi yields are too low for the risk of experimenting with smart contracts.”<\/p>\n

However, it noted that in 2024, institutions could have a “renewed interest” in DeFi yields if they “once again become more attractive than TradFi yields and a more advanced infrastructure emerges.”<\/p>\n

Fidelity also expects companies to be “more comfortable with the idea of putting digital assets on their balance sheets” after the updated rules of the Financial Accounting Standards Board of the United States allowed companies to report both paper losses and gains in their cryptocurrency holdings.<\/p>\n

Institutions Exploring Stablecoins (Fidelity)<\/span><\/h2>\n

In a section on stablecoins, Fidelity predicted that the institutional exploration of dollar-pegged assets would be “the biggest potential catalyst” for adoption this year.<\/p>\n

It said that TradFi firms exploring the use of stablecoins for purposes such as settlements could “bring legitimacy to them” and that it expects to see increased adoption of stablecoins in three key sectors: payments, remittances, and international trade, as users seek faster and cheaper payments.<\/p>\n

\n
\n
\n
\n
\n
\n
\n
\n

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube\u00a0<\/strong><\/a>and\u00a0Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fidelity, one of the world’s largest asset managers, says that the expected interest rate cut by the Fed in the US could renew interest from major institutions in decentralized finance (DeFi) and stablecoins, as long as the infrastructure continues to develop this year. You might like: Bitcoin and Cryptocurrencies: Latest Status \u2013 January 15 In<\/p>\n","protected":false},"author":1,"featured_media":9815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[93,3289,3632,3605,1270],"class_list":["post-9814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-defi","tag-fidelity","tag-financial-accounting-standards-board","tag-the-united-states","tag-tradfi"],"yoast_head":"\nFidelity: "Stablecoins and DeFi are a boon"! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Fidelity says the expected interest rate cut by the Fed in the US could renew interest from major institutions in DeFi and stablecoins.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fidelity: "Stablecoins and DeFi are a boon"! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Fidelity says the expected interest rate cut by the Fed in the US could renew interest from major institutions in DeFi and stablecoins.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-15T20:25:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-15T20:26:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Fidelity.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/\",\"name\":\"Fidelity: \\\"Stablecoins and DeFi are a boon\\\"! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Fidelity.jpg\",\"datePublished\":\"2024-01-15T20:25:58+00:00\",\"dateModified\":\"2024-01-15T20:26:27+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\"},\"description\":\"Fidelity says the expected interest rate cut by the Fed in the US could renew interest from major institutions in DeFi and stablecoins.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Fidelity.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Fidelity.jpg\",\"width\":768,\"height\":430,\"caption\":\"Fidelity\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fidelity: “Stablecoins and DeFi are a boon”!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/coinengineer.net\/\"],\"url\":\"https:\/\/coinengineer.net\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fidelity: \"Stablecoins and DeFi are a boon\"! - Coin Engineer","description":"Fidelity says the expected interest rate cut by the Fed in the US could renew interest from major institutions in DeFi and stablecoins.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/","og_locale":"en_US","og_type":"article","og_title":"Fidelity: \"Stablecoins and DeFi are a boon\"! - Coin Engineer","og_description":"Fidelity says the expected interest rate cut by the Fed in the US could renew interest from major institutions in DeFi and stablecoins.","og_url":"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/","og_site_name":"Coin Engineer","article_published_time":"2024-01-15T20:25:58+00:00","article_modified_time":"2024-01-15T20:26:27+00:00","og_image":[{"width":768,"height":430,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Fidelity.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/","url":"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/","name":"Fidelity: \"Stablecoins and DeFi are a boon\"! - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Fidelity.jpg","datePublished":"2024-01-15T20:25:58+00:00","dateModified":"2024-01-15T20:26:27+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2"},"description":"Fidelity says the expected interest rate cut by the Fed in the US could renew interest from major institutions in DeFi and stablecoins.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Fidelity.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Fidelity.jpg","width":768,"height":430,"caption":"Fidelity"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/fidelity-stablecoins-and-defi-are-a-boon\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Fidelity: “Stablecoins and DeFi are a boon”!"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coinengineer.net\/"],"url":"https:\/\/coinengineer.net\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/9814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=9814"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/9814\/revisions"}],"predecessor-version":[{"id":9817,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/9814\/revisions\/9817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/9815"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=9814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=9814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=9814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}