Yigit Taha OZTURK 
Fidelity Investments is reportedly in the advanced stages of launching its own stablecoin, aiming to position itself in the rapidly expanding tokenized finance sector. The Financial Times recently reported that the financial giant intends to introduce a blockchain-based digital cash alternative, which could be used within its U.S. dollar money market fund. This move highlights the growing institutional interest in stablecoins and digital assets.
Fidelity’s Stablecoin Initiative
According to sources close to the matter, Fidelity Investments is developing its stablecoin as part of its broader strategy to enter the tokenized government bonds market. Stablecoins, which are pegged to traditional assets like the U.S. dollar, offer a seamless way for crypto investors to maintain fiat value without exiting the market.
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This development follows Fidelity’s recent filing for a blockchain-based version of its U.S. dollar money market fund, known as the Treasury Digital Fund (FYHXX). This fund, currently accessible to institutional clients, holds cash and U.S. Treasury securities. A Fidelity-backed stablecoin could play a key role in facilitating transactions within this fund.
Competition in the Stablecoin Market
The stablecoin market is already dominated by major players like Tether’s USDT and Circle’s USDC. Fidelity’s entry into this space signals increasing competition among financial institutions looking to capitalize on the growing demand for tokenized assets.
Notably, this announcement comes just a day after World Liberty Financial (WLFI)—a decentralized finance protocol backed by Donald Trump—confirmed its own plans to launch a stablecoin.
While Fidelity has not yet provided an official statement on this development, the move aligns with its ongoing efforts to integrate blockchain technology into traditional financial markets.
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