HuntTown

Fidelity, that massive $6 trillion asset manager, is jumping into the stablecoin game with a new U.S. dollar-backed token on a public blockchain. It’s in advanced testing and ready to take on the big dogs like Tether and USDC. Here’s the quick breakdown of the current stablecoin market:

* Total stablecoin market cap (March 2025): $233.5 billion.  
* USDT: 61.87% ($144.4 billion).  
* USDC: 25.7% ($60 billion).  
* Others (DAI, FRAX, etc.): 12.43% combined.

JUST IN: $6 trillion asset manager Fidelity to launch crypto stablecoin.

Watcher.Guru

Fidelity, that massive $6 trillion asset manager, is jumping into the stablecoin game with a new U.S. dollar-backed token on a public blockchain. It’s in advanced testing and ready to take on the big dogs like Tether and USDC. Here’s the quick breakdown of the current stablecoin market:

* Total stablecoin market cap (March 2025): $233.5 billion.  
* USDT: 61.87% ($144.4 billion).  
* USDC: 25.7% ($60 billion).  
* Others (DAI, FRAX, etc.): 12.43% combined.

https://x.com/WatcherGuru/status/1904762936159093101

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If everyone jumps into stablecoins, wouldn't they just become like regular cryptocurrencies?

842👏

Would this bring stability in the market or would it make the Europeans trust crypto again?? Because I thought that USDC has more dollar backing than USDT...