Main notes
- According to Fidelity for the first time in its Stablecoin, indicating expansion plans.
- Last week, the company said that the digital version of the American Capital Fund will appear for the first time in May.
- Donald Trump's World Liberty Financial (WLFI) Stablecoin.
Fidelity Investments has expanded its presence in the encryption space by developing its Stablecoin.
The company is in the advanced stages of the Stablecoin test designed to work as criticism in the encryption markets. The Fidelity Digital Assets Department will manage Stablecoin.
Fidelity has been optimistic about digital assets and Blockchain technology for years, working in space for more than a decade.
The company has adopted a strategy to take advantage of the distinctive financial tools, especially the US Treasury's digital assets. Last week, Fidelity applied to launch a digital version of the American Capital Market Fund, which is scheduled to go live by the end of May.
Competition and the broader stablecoin market
The Stablecoin Market is currently dominating marine exporters such as Tether (USDT) and US dollar (USDC), with a combined market capitalization of more than $ 230 billion, according to Coinmarketcap.
Fidelity into this space indicates an increasing direction of the in force financial companies that integrate Blockchain assets into traditional markets.
Meanwhile, the World Liberty Financial -backed by the Trump (WLFI) Stablecoin, which will be supported by US Treasury bonds and other monetary equations. This development reflects a wider direction for institutions that integrate Blockchain financial tools in traditional markets.
The discussion surrounding Stablecoins is increasing in Washington, where legislators are discussing billions of competing laws to regulate their issuance and use.
While supporters argue that Stablecoins enhance the dominance of the US dollar and improve liquidity in digital markets, critics warn of the risks of financial stability and possible ways to defraud the consumer.
Fidelity dominance in the investment funds circulating in encryption
Beyond Stablecoins, Fidelity also expands its influence in the investment sector in the encryption. On March 24, the Bitcoin Trocredred Trouched (ETF), the wise Bitcoin Fund (FBTC), has a flow of $ 82.85 million, The highest among all investment funds circulated in Bitcoin That day.
Sincerity also applied to get First Solana Etf spotWith CBOE BZX Exchange apply with the Securities and Stock Exchange Committee (SEC) to list the product.
The possibility of Altcoin ETF approvals seems stronger with the transformation of the organizational environment within the Trump administration.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.