{"id":19260,"date":"2025-03-26T20:16:53","date_gmt":"2025-03-26T20:16:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19260"},"modified":"2025-03-26T20:16:53","modified_gmt":"2025-03-26T20:16:53","slug":"fidelitys-us-dollar-pegged-stablecoin-set-for-may-launch-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19260","title":{"rendered":"Fidelity\u2019s US Dollar-Pegged Stablecoin Set for May Launch: Report"},"content":{"rendered":"
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Fidelity Investments \u2013 one of the largest asset managers in the United States \u2013 is nearing the launch of its own US dollar-pegged stablecoin.<\/p>\n

This move comes at a time when the regulatory landscape for cryptocurrencies in the US has grown more favorable, particularly under the Trump administration\u2019s friendly policies.<\/p>\n

Fidelity Testing US Dollar-Pegged Stablecoin<\/h2>\n

According to the latest report<\/a> by the Financial Times, the financial giant is in the final stages of testing the stablecoin through its digital assets division, Fidelity Digital Assets. The stablecoin is expected to debut by the end of May and is part of a broader push by the firm into the cryptocurrency sector.<\/p>\n

In addition to the stablecoin, Fidelity has recently filed with the US Securities and Exchange Commission (SEC) to launch an Ethereum-based \u201cOnChain<\/a>\u201d share class for its Treasury Digital Fund, which invests primarily in US Treasury securities.<\/p>\n

Fidelity\u2019s stablecoin initiative comes as the stablecoin market continues to grow, with companies like Tether with USDT and Circle with USDC holding the lion\u2019s share. The market is currently worth around $235 billion and has seen an influx of traditional financial firms eyeing the space, spurred by regulatory clarity around stablecoin issuance.<\/p>\n

Stablecoin Innovation Amid Crypto Regulatory Shift<\/h2>\n

It is important to note that Fidelity\u2019s involvement in the market highlights a wider trend of institutional adoption of blockchain-based financial products, such as PayPal\u2019s launch of its own stablecoin, PayPal USD (PYUSD), in 2023.<\/p>\n

Especially following President Donald Trump\u2019s election, a growing number of US financial institutions are venturing into cryptocurrency-based products, owing to the much-anticipated shift in policy direction. For instance, Custodia and Vantage Bank have introduced<\/a> the country\u2019s first-ever bank-issued stablecoin this week, which is built on the open Ethereum blockchain.<\/p>\n

World Liberty Financial (WLFI), a DeFi project backed by US President Donald Trump, introduced<\/a> a stablecoin named USD1. The coin will be fully backed by short-term US government treasuries, dollar deposits, and cash equivalents. Initially, USD1 tokens will be issued on both the Ethereum and Binance networks, with future plans to expand to additional blockchains.<\/p>\n

Each USD1 token is designed to hold a consistent value of $1, backed by a reserve portfolio that is periodically audited by an independent third party.<\/p>\n

The post Fidelity\u2019s US Dollar-Pegged Stablecoin Set for May Launch: Report<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fidelity Investments \u2013 one of the largest asset managers in the United States \u2013 is nearing the launch of its own US dollar-pegged stablecoin. This move comes at a time when the regulatory landscape for cryptocurrencies in the US has grown more favorable, particularly under the Trump administration\u2019s friendly policies. Fidelity Testing US Dollar-Pegged Stablecoin […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19260","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19260"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19260\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}