As the United States prepares the regulatory framework for regulating stablecoins, more and more companies are launching their own cryptocurrencies pegged to the dollar exchange rate.
Fidelity Investments, one of the largest money management companies, plans to launch its own stablecoin, the Financial Times reports. The investment company, which manages $5 trillion in assets, is "at an advanced stage of testing" its token, two sources familiar with Fidelity's plans told the publication. The name of the Fidelity stablecoins has not yet been disclosed.