$5,000,000,000,000 Asset Manager Fidelity To Launch a USD-Pegged Stablecoin: Report

The asset management titan Fidelity Investments reportedly plans to roll out its own dollar-backed stablecoin. Citing two people familiar with the matter, the Financial Times reports that the Boston-based firm with $5 trillion in assets under management (AUM) is now in the advanced stages of testing the crypto asset. source: https://dailyhodl.com/2025/03/27/5000000000000-asset-manager-fidelity-to-launch-a-usd-pegged-stablecoin-report/