# Fidelity is Developing its Own Stablecoin: FT

*Author: Bankless*
*Published: Mar 26, 2025*
*Source: https://www.bankless.com/read/fidelity-is-developing-its-own-stablecoin-ft*

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Fidelity Investments is reportedly developing its own stablecoin for use in tokenized money market funds on Ethereum, [The Financial Times](https://www.ft.com/content/7df7c1d9-9e1f-4de4-8161-1cdb6f4e0e7f) reports.

## **What’s the Scoop?**
- **Advanced Testing**: Fidelity is reportedly in advanced testing of a stablecoin tied to its blockchain-based Treasury Digital Fund, offering dollar and Treasury exposure.
- **Tokenized Money Market Funds**: The move is part of Fidelity's broader push into tokenized funds, leveraging Ethereum for blockchain integration.
- **Industry Dynamics**: Fidelity’s stablecoin offering will compete with major players like Tether and Circle amid evolving U.S. regulatory efforts on stablecoins.
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