Fidelity Explores Stablecoin Amid Crypto-Friendly Policy Shift

Edited by: Yuliya Shumai

On Wednesday, Fidelity confirmed it is "actively testing" a stablecoin, though currently has no plans for launch, according to a company spokesperson. This exploration coincides with a shift towards crypto-friendly policies in Washington, driven by President Trump, who has advocated for stablecoin Bitcoin and facilitated Fidelity's Bitcoin ETF listing last year. Fidelity is also pursuing the digitization of traditional assets via blockchain, filing earlier this week to register a blockchain-based digital version of its U.S. dollar money market fund with the SEC.

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