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Stock impact report

Fidelity Investments reportedly plans to launch stablecoin [Yahoo! Finance]

Fidelity National Financial, Inc. (FNF) 
Last fidelity national financial, inc. earnings: 4/22 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.fnf.com
Company Research Source: Yahoo! Finance
The stablecoin will act as a digital cash equivalent and could also be utilized within Fidelity's blockchain-based financial products. The asset could be integrated into the firm's blockchain-based version of its U.S. dollar money market fund, according to a report Fidelity filed last week to register an "OnChain" share class for its Treasury Digital Fund (FYHXX), which invests in cash and U.S. Treasury securities. The fund is now open to institutional and hedge fund clients only. If launched, the stablecoin could act as a settlement layer for tokenized Treasury-related transactions. Fidelity's moves are part of a wider trend of traditional finance experimenting with blockchain infrastructure . Interest in the tokenized government bond market has developed, but the stablecoin sector remains highly competitive. The lion's share of the market is currently taken by Tether's USDT and Circle's USDC. A recent report indicates that USDC and USDT remain the primary assets in the cryp Show less Read more
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