Fidelity is advancing its crypto strategy with the launch of a stablecoin designed for transactions. This initiative is part of a larger move towards asset tokenization, showcasing Fidelity’s ambition to directly rival established stablecoins like USDT and USDC.

The stablecoin market, growing rapidly, is projected to reach 400 billion USD by 2025. Fidelity’s entrance, alongside existing players like Tether and Circle, reflects the increasing competition as traditional finance integrates more into the crypto sector.