Fidelity to Launch Crypto Stablecoin, Managing $6 Trillion in Assets

Fidelity, a major asset management firm with approximately $6 trillion in assets under management, has announced plans to launch its own crypto stablecoin. This initiative marks a notable advancement in the adoption of digital currencies, as Fidelity seeks to expand its presence in the cryptocurrency market. The launch is seen as a significant step towards mainstream acceptance of crypto assets, reflecting the growing interest from institutional investors in digital finance.
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