Fidelity Digital Assets is actively testing a stablecoin it has developed, a source with direct knowledge of the matter told Decrypt.
The crypto-focused arm of Fidelity Investments, a $5 trillion asset manager, does not yet have plans to bring the token to market, the source said.
The Financial Times first reported on the Boston-based firm’s stablecoin experiment.
The firm’s testing of its own stablecoin comes as it also explores the tokenized U.S. Treasury market. A few days ago, Fidelity filed to roll out a tokenized version of its U.S. dollar money market fund.
Stablecoins are cryptocurrencies that are pegged to another asset. Many of the tokens are backed one-to-one by U.S. dollar reserves.
Fidelity’s stablecoin experiment comes as…
Apr 21 2025
