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Fidelity Is To Launch Its Stablecoin

  • Fidelity is set to launch its stablecoin, pegged to the dollar 1:1.
  • Fidelity Digital Assets is in the final testing phase for the stablecoin.
  • The stablecoin will be used for internal settlement, integration with DeFi, and offerings for institutional clients.
  • Fidelity's stablecoin will potentially face competition from players like Circle, Tether, and Custodia.

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