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Another day, another stablecoin launch. 

Fidelity Investments is looking to launch its own stablecoin through its digital assets arm, the Financial Times reported Wednesday.

There are few details on the Fidelity stablecoin currently, but a safe guess is that it’ll be backed by US Treasurys.

As regulatory risk looks to be coming off the table for crypto assets, a rapid number of companies from both TradFi and DeFi are eyeing Tether’s billion-dollar throne and looking to tap into the digital-dollar business.

At Blockworks’ Digital Assets Summit 2025, executive director of the…

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