- Fidelity is to launch its stablecoin pegged to the dollar 1:1
- Fidelity Digital Assets are in the final testing phase
Fidelity is to launch its stablecoin, pegged to the dollar 1:1, and will be used for internal settlement, integration with DeFi, and offerings for institutional clients.
More On Fidelity’s Stablecoin
So, one of the key and largest funds is making its move into the stablecoin market, going to compete primarily with players like Circle, Tether, and Custodia.
According to a report in the Financial Times on March 25, 2025, Fidelity has tasked its Fidelity Digital Assets with this, and they are already in the final stages of testing and very close to launch.
However, it’s worth considering this in the slightly broader context of Fidelity’s crypto strategy, namely their upcoming launch of the Treasury Digital Fund (FYHXX) or OnChain as revealed in a March 21 filing to the SEC.
More specifically, this fund will be a tokenized form of fund share ownership that invests in US Treasury bills and will be powered by Ethereum.
Conclusion
Potentially a very powerful move from one of the largest funds, and it probably has a chance of even having some very fierce competition. However, all the details will be clearer with the release, and it will be more accurate to assess the potential.
Stay tuned for updates, be adaptive in the rapidly evolving financial and crypto landscape, and keep your strategy grounded, balanced, and beneficial.
