- Fidelity is testing a dollar-pegged stablecoin, designed to function asdigital cash within crypto markets.
- The stablecoin aims for a 1:1 peg to the U.S. dollar with expected robustaudits and disclosures.
- Fidelity's stablecoin could integrate deeply with its existing digital assetinfrastructure and traditional finance systems.
- The stablecoin is part of a broader strategy, including tokenizing a U.S.Treasury money market fund.
- Fidelity has been an innovator in crypto since 2014, starting with Bitcoinmining and launching Fidelity Digital Assets in 2018.