Fidelity Launches New Stablecoin, Ready to Compete with USDT and USDC!

Jakarta, Pintu News – Global financial giant Fidelity Investments is reportedly in the final stages of trials to launch its own stablecoin by the end of May 2025.

The move comes amid increasing clearer regulation under the United States’ pro-crypto administration, as well as a major trend among financial institutions starting to enter the crypto market and tokenization of assets.

Fidelity’s stablecoin will be managed by the company’s digital assets division and is designed to function as “digital money” within the cryptocurrency ecosystem.

Although not yet officially announced, reports from the Financial Times and reliable sources indicate that a public launch is just around the corner.

Fidelity Strategy: Stablecoins and Traditional Asset Tokenization

Fidelity’s new stablecoin isn’t just a side project. It’s part of Fidelity’s broader strategy to expand their digital finance scope, especially in the context of real-world assets (RWA) tokenization.

Read also: Shiba Inu Team Launches Shib Finance, SHIB Price Potentially Soars 12X?

Previously, Fidelity had also submitted a proposal to the US Securities and Exchange Commission (SEC) to create an “OnChain” share class of the Fidelity Treasury Digital Fund, which will be tokenized on top of the blockchain. The fund invests in US government cash and debt securities, and will compete directly with similar products from BlackRock and Franklin Templeton.

With stablecoins as a key component, Fidelity can create a fully digital financial ecosystem-from stablecoins, to blockchain-based money market funds, to direct settlement between institutions.

Can it Challenge the Dominance of USDT and USDC?

According to CCN, for now, the global stablecoin market is worth more than USD $200 billion (Rp3,313 trillion), and is dominated by two big players: Tether USDT->Current USDT PriceRp 0Market Cap-Trading Volume-Circulating Supply- with a 70% market share and Circle USDC->Current USDC PriceRp 0Market Cap-Trading Volume-Circulating Supply- at around 25%.

The rest is shared by smaller players and a number of new banks and financial institutions that are starting to venture into this segment.

Fidelity’s stablecoin launch, coupled with the presence of stablecoins from Custodia Bank and World Liberty Financial (USD1), is a strong signal that large institutions want to take a piece of the market that has been dominated by crypto-native entities.

With its reputation, distribution network and capital strength, Fidelity has a real opportunity to shift the current market structure.

Regulation Catalyzes the Entry of Traditional Institutions

Fidelity’s entry into the stablecoin market is driven by the new regulatory climate in the US, where the government is starting to push stablecoin issuers to be more transparent, regulated and backed by real assets.

Read also: BlackRock Launches Bitcoin (BTC) Product with Super Low Fees in Europe!

In this context, the presence of stablecoins from institutions like Fidelity not only expands investors’ confidence in crypto, but also paves the way towards the integration of blockchain finance into the traditional financial system.

With regulatory backing and operational experience managing trillions of dollars, Fidelity has everything it needs to make their stablecoin the new standard-specifically in the interbank transaction, cross-border settlement, and blockchain-based U.S. Treasury tokenization ecosystem.

Overall, Fidelity’s planned stablecoin launch is a pivotal moment in the evolution of the global crypto and financial markets. With the potential to bring together the forces of traditional finance and blockchain technology, this stablecoin could be a game-changer in the widespread adoption of digital assets.

The competition with Tether and Circle is only a matter of time – and the financial world is about to witness how an old giant enters a new battlefield with big ambitions.

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Reference:

• BeInCrypto. Fidelity Plans to Launch a Stablecoin. Accessed on March 27, 2025
• CCN. Fidelity Stablecoin: Washington Clears Path. Accessed on March 27, 2025
• Crypto News. Fidelity Quietly Pilots Its Own Stablecoin in Push for Tokenized Assets: Report. Accessed on March 27, 2025