Fidelity plans to launch a stablecoin

Key insight: Fidelity is preparing to issue its own dollar-backed stablecoin via ethereum in the coming weeks.Expert quote: "When a firm with Fidelity's distribution decides to mint and redeem dollars on a public chain, the market is telling you where treasury, settlement and capital markets' plumbing is heading." — Borderless CEO Kevin LehtiniittyForward look: Anticipate additional stablecoin issuances from financial institutions stemming from the GENIUS Act.Fidelity is preparing to launch its own stableco ...