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Fidelity Reportedly Preparing to Debut In-House Stablecoin

  • Asset manager Fidelity Investments is reportedly preparing to launch its own stablecoin.
  • The launch is part of Fidelity's expansion into the market for tokenized versions of US Treasuries.
  • Fidelity has recently filed to introduce a digital version of a U.S. money market fund, putting it in competition with BlackRock and Franklin Templeton.
  • Fidelity's move comes at a time when federal regulators are changing their attitude towards cryptocurrencies.

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