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Fidelity Prepares To Unveil Its Own Stablecoin
According to the Financial Times, Fidelity Investments is in advanced stages of developing its own stablecoin. Binance reports: The Boston-based financial services giant plans for the token to serve as a form of digital cash, according to the report, which cites two people close to the matter. The ...
According to the Financial Times, Fidelity Investments is in advanced stages of developing its own stablecoin. The news emerges just days after Fidelity filed paperwork to register a blockchain-based version of its U.S. dollar money market fund. The report comes a day after World Liberty Financial, a crypto venture backed by Donald Trump and his family, launched a U.S. dollar-pegged stablecoin called USD1.
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