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Fidelity is Developing its Own Stablecoin: FT

The massive investment firm is likely planning its use within an Ethereum-based tokenized money market fund.
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Mar 26, 2025 • 1 min read

Fidelity Investments is reportedly developing its own stablecoin for use in tokenized money market funds on Ethereum, The Financial Times reports.

What’s the Scoop?

  • Advanced Testing: Fidelity is reportedly in advanced testing of a stablecoin tied to its blockchain-based Treasury Digital Fund, offering dollar and Treasury exposure.
  • Tokenized Money Market Funds: The move is part of Fidelity's broader push into tokenized funds, leveraging Ethereum for blockchain integration.
  • Industry Dynamics: Fidelity’s stablecoin offering will compete with major players like Tether and Circle amid evolving U.S. regulatory efforts on stablecoins.

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