Stablecoin from Fedelity for the US dollar was set to launch May: Report

Fidelity Investments-one of the largest asset managers in the United States-is approaching the launch of Stablecoin in the US dollar.

The move comes at a time when the organizational scene has become encrypted in the United States, especially in light of the Trump administration’s friendly policies.

The Stylecoin US dollar

According to the latest a report By The Financial Times, the financial giant in the final stages of the Stablecoin test through the digital assets section, the digital assets. Stablecoin is expected to show its appearance at the end of May, which is part of a wider batch by the company to the encrypted currency sector.

In addition to Stablecoin, Federation recently presented with the US Securities and Stock Exchange Committee (SEC) to launch a set of ETHEREUM “Onchain“Participation of a category of the Digital Treasury Fund, which is primarily invested in US Treasury bonds.

The Fidelity’s Stablecoin comes with the growth of the Stablecoin Market, with companies like Tether with Usdt and Circle with USDC that maintains the lion’s share. The market value is currently about 235 billion dollars and witnessed an flow from traditional financial companies looking to this area, driven by organizational clarity on the STABLECOIN version.

Stablecoin innovation amid the organizational transformation of encryption

It is important to note that FIDELITY participation in the market highlights a wider direction of the institutional adoption of Blockchain’s financial products, such as its Paypal’s launch Stablecoin, Paypal USD (Pyusd), in 2023.

Especially after the election of President Donald Trump, an increasing number of American financial institutions venture into products based on encrypted currency, due to the long -awaited shift in the direction of politics. For example, at Custodia and Vantage Bank foot The first stablecoin ever issued in the country this week, which was built on Blockchain ethereum open.

World Liberty Financial (WLFI), a DEFI project, supported by US President Donald Trump, presented Stablecoin called USD1. The currency will be fully supported by short -term US government bonds, dollar deposits, and cash rewards. Initially, USD1 symbols will be released on both Ethereum and Binance networks, with future plans to expand to additional Blockchains.

Each special code is designed for USD1 to hold a fixed value of $ 1, supported by a backup wallet that is periodically audited by an independent third party.