Close Menu
Global News HQ
    What's Hot

    Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality

    June 28, 2025

    Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality

    June 28, 2025

    The 5 Best Stocks to Buy With $5,000 | The Motley Fool

    June 28, 2025
    Recent Posts
    • Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality
    • Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality
    • The 5 Best Stocks to Buy With $5,000 | The Motley Fool
    • Kenzo Spring 2026 Menswear Collection
    • XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality
    • Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality
    • The 5 Best Stocks to Buy With $5,000 | The Motley Fool
    • Kenzo Spring 2026 Menswear Collection
    • XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal
    • 10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13
    • PwC to cut 175 junior auditors amid slowdown
    • Are You Approachable at Work? Tips for Building Better Connections
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - Fidelity confirms stablecoin testing but no plans to launch yet
    Cryptocurrency & Blockchain

    Fidelity confirms stablecoin testing but no plans to launch yet

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Fidelity confirms stablecoin testing but no plans to launch yet
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Fidelity is reportedly in advanced testing phases of its own stablecoin as part of its digital asset expansion, the Financial Times reported on March 26.

    However, a company spokesperson told Reuters that the firm does not have plans to launch the stablecoin in the near term.

    Earlier this month, a Fidelity unit filed to launch a tokenized money market fund. Under the proposal, investor shares would be recorded on the blockchain via conventional electronic recordkeeping systems, signaling the firm’s continued interest in exploring blockchain applications within existing financial products.

    Stablecoin market in the spotlight

    Fidelity’s potential move comes amid a wave of institutional interest in stablecoins, driven by clearer regulatory signals and growing adoption in the US under President Donald Trump’s administration.

    The stablecoin sector currently commands a $231 billion market cap and processed $27.6 trillion in transfer volume last year, outpacing both Visa and Mastercard.

    Interest in stablecoins is rising rapidly since they offer fast, borderless, and cost-efficient settlement that outperforms traditional financial infrastructure. Institutions see stablecoins as a more efficient alternative to legacy systems.

    The surge in adoption comes as regulatory clarity begins to take shape, with bipartisan legislation in the US paving the way for compliant issuance.

    At the same time, stablecoins are gaining geopolitical relevance, as dollar-pegged tokens are viewed as a way to reinforce the US dollar’s dominance in a global economy facing competition from CBDCs and rival currencies.

    Beyond stablecoins, the broader trend of tokenizing real-world assets (RWAs) continues to gain momentum. On March 25, the market for tokenized U.S. Treasuries surpassed $5 billion, with over half of that value managed by traditional finance heavyweights like BlackRock and Franklin Templeton.

    Given Fidelity’s scale — managing $5.9 trillion in assets as the world’s third-largest asset manager — its growing interest in the space reflects a broader institutional shift.

    Regulatory tailwinds

    The regulatory environment for stablecoins is also rapidly evolving. On March 13, the Senate Banking Committee passed the bipartisan GENIUS Act in an 18-6 vote.

    Introduced by Senator Bill Hagerty, the legislation seeks to establish clear rules for the issuance and oversight of stablecoins in the US. One key provision would require U.S. dollar-pegged stablecoins to maintain full 1:1 reserves in cash, insured bank deposits, or short-term Treasury bills.

    Bo Hines, Executive Director of the Presidential Working Group on Digital Assets Markets, stated on March 18 that a regulatory framework for stablecoins could be approved by Trump within two months.

    Mentioned in this article
    XRP Turbo



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleNeiman Marcus, Estée Lauder Cos. launch nationwide event series
    Next Article Amazon is selling the Apple Watch Series 9 for $350 – act fast before this deal ends

    Related Posts

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    June 28, 2025

    Gemini launches tokenized US stock trading in EU starting with MSTR

    June 28, 2025

    Ripple drops cross-appeal as SEC set to follow, closing XRP case

    June 28, 2025

    Public Keys: Copycat Lawsuits for Bitcoin Giant Strategy, Coinbase Hits All-Time High – Decrypt

    June 28, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Technology & Gadgets
    4 Mins Read

    Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality

    Asus has announced its newest GeForce RTX 5090 and GeForce RTX 5070 Ti under the…

    Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality

    June 28, 2025

    The 5 Best Stocks to Buy With $5,000 | The Motley Fool

    June 28, 2025

    Kenzo Spring 2026 Menswear Collection

    June 28, 2025
    Top
    Technology & Gadgets
    4 Mins Read

    Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality

    Asus has announced its newest GeForce RTX 5090 and GeForce RTX 5070 Ti under the…

    Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality

    June 28, 2025

    The 5 Best Stocks to Buy With $5,000 | The Motley Fool

    June 28, 2025
    Our Picks
    Technology & Gadgets
    4 Mins Read

    Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality

    Asus has announced its newest GeForce RTX 5090 and GeForce RTX 5070 Ti under the…

    Technology & Gadgets
    4 Mins Read

    Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality

    Asus has announced its newest GeForce RTX 5090 and GeForce RTX 5070 Ti under the…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version