<ul><li>Fidelity Investments, a US asset management firm, is exploring the possibility of launching its own stablecoin.</li><li>Stablecoins, which aim to maintain a stable value, have gained popularity with approximately $238.5 billion in circulation.</li><li>Tether, the leading stablecoin, has over $140 billion worth of its token, USDT, and has been profitable through interest earned on reserves.</li><li>Fidelity is actively testing a stablecoin but has no immediate plans for a public launch, following the trend of financial institutions entering the cryptocurrency sector.</li></ul>

US Asset Manager Fidelity Explores Potential Stablecoin Launch

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