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Fidelity to Introduce a New Stablecoin, Extends Its Digital Asset Reach
- Fidelity is reportedly in the advanced stages of testing a USD-pegged stablecoin.
- Fidelity aims to provide a secure and regulated alternative to existing stablecoins.
- Fidelity has been seeking to tokenize more traditional assets as part of a wider strategy.
- Fidelity competes with established players such as Tether and Circle in the stablecoin market.
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