🚨 JUST IN: 💵 $5.9T Fidelity to launch its own stablecoin
Fidelity Investments ($5.9 TRILLION AUM) is preparing to launch a proprietary stablecoin, marking a major step deeper into on-chain finance by one of the world’s largest asset managers. $DASH
KEY DETAILS:
• Firm: Fidelity Investments
• AUM: $5.9T $BNB
• Product: Fidelity-issued stablecoin
• Direction: Payments, settlement, tokenized assets $SUI
WHY IT MATTERS:
• Signals stablecoins are becoming core financial infrastructure
• Adds massive institutional credibility to on-chain dollars
• Positions Fidelity for tokenized funds, settlement, and custody synergies
BOTTOM LINE:
This Is TradFi Going Native.
When A $5.9T Giant Launches A Stablecoin, Crypto Rails Become Wall Street Rails 🚀