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Fidelity Prepares To Unveil Its Own Stablecoin
Thursday March 27, 2025. 01:50 AM , from Slashdot
![]() The news emerges just days after Fidelity filed paperwork to register a blockchain-based version of its U.S. dollar money market fund. The company seeks to register an 'OnChain' share class of its Treasury Digital Fund (FYHXX), which holds cash and U.S. Treasury securities and is available only to Fidelity's hedge fund and institutional clients. A Fidelity stablecoin could fill the role of cash in this 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. Read more of this story at Slashdot.
https://news.slashdot.org/story/25/03/26/2321223/fidelity-prepares-to-unveil-its-own-stablecoin?utm_...
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