Fidelity Investments is preparing to introduce its own stablecoin, aligning with the forthcoming U.S. regulatory framework for cryptocurrencies. This initiative reflects Fidelity's decade-long engagement in digital assets and positions it to compete with firms like BlackRock and Franklin Templeton in the evolving crypto market.
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Fidelity Investments is testing a dollar-pegged stablecoin through its digital assets arm, aiming to facilitate cash transactions in cryptocurrency markets. This initiative aligns with the U.S. government's development of its first cryptocurrency regulatory framework.