Fidelity plans to issue its own stablecoin: reports

Fidelity Investments is planning to issue its own stablecoin, the Financial Times reported on the 26th, citing anonymous sources.

The company is in the final stages of testing the token, which will be operated through its digital assets division. As the first cryptocurrency regulatory framework is being established in the United States, this will be a move by the $5 trillion asset management giant to deepen its entry into the digital asset field.

Tether, the issuer of the cryptocurrency USDT, the largest stablecoin with a circulation of $140 billion, is seeing high returns...