Fidelity Investments announced on Jan. 28 the launch of its first stablecoin, the Fidelity Digital Dollar (FIDD). The move positions the asset management giant as one of the first major traditional financial institutions to issue a dollar-backed token under the GENIUS Act, the federal stablecoin law signed in July 2025. FIDD will be issued by Fidelity Digital Assets, National Association, a federally chartered national trust bank, and will operate on the Ethereum blockchain with each token redeemable for ...

Group 1 - South Korean investors are increasingly purchasing gold-pegged stablecoins to avoid high tax liabilities associated with physical gold trading [1][5] - Crypto trading in South Korea is currently not taxed, while physical gold incurs a 10% value-added tax and a 22% capital gains tax when traded on the Korea Exchange [1][2] - Gold-backed coins, such as Tether Gold and PAX Gold, are gaining popularity as they are pegged to the value of physical gold, with one token typically representing a troy ounce or a gram of gold [3][6] Group 2 - Global trends show investors shifting from higher-risk financial products to traditional safe havens like gold, influenced by recent tariff threats affecting crypto trading [4] - Analysts suggest that gold-backed coins provide a short-term investment advantage due to favorable tax regulations in South Korea [5] - Interest in gold-related cryptoassets is rising significantly, with Tether Gold trading accounting for over 0.6% of the 24-hour trading volume on Upbit, amounting to over $9 million [6]

RT Crypto.com Research & Insights (@cryptocom_rni)DeFi+L1L2 Update:⬆️ Tokenized gold market value exceeded $4.3B🇺🇸 Tether launched USAT stablecoin in the U.S.📱 Vitalik declared decentralised social networks a top priority for 2026Full details 👇https://t.co/11pZpZcgmf https://t.co/BXRQvO9SFd ...

🔥 UPDATE: Tether CEO Paolo Ardoino says the firm aims to allocate 10–15% of its portfolio to gold. https://t.co/35iS6Na09h ...

JUST IN: Tether to invest up to 15% of its portfolio into Gold. https://t.co/ZfEWllT7mh ...

UPDATE: @Tether is buying up to $1B of physical gold every month, now holding 140 tons worth $24B in a high-security Swiss bunker. https://t.co/BVFNdXFi8I ...

Fidelity Investments will expand its digital asset offerings with plans to launch its own U.S. dollar-pegged stablecoin, the Fidelity Digital Dollar (FIDD), the firm said in a press release. The new token will be available to retail and institutional investors "in the coming weeks" and run on the Ethereum blockchain. The stablecoin will be issued through Fidelity Digital Assets, the firm's crypto-focused subsidiary and be fully backed by U.S. dollars and high-quality cash equivalents. “As a leading ass ...

RT James Hunt (@humanjets)ICYMI: Here's a quick news recap from today's Asia & EMEA sessions @TheBlock__ 👇🏅 Tether CEO Paolo Ardoino said the stablecoin giant is on track to become one of the largest gold central banks in the world and plans to actively trade its reserves, Bloomberg reported.📜 A South Dakota lawmaker has introduced a bill that seeks to allow the state to invest a portion of its public funds in bitcoin, reviving efforts that failed to materialize in the state legislature last year.🤖 Ethereum ...

Core Insights - Tether has emerged as a significant player in the global gold market, utilizing a Cold War-era nuclear bunker in Switzerland as a high-security vault for its gold reserves, which now total approximately 140 tons, making it the largest known non-bank and non-state gold holder globally [1][2] - The company's strategy involves a deep integration of cryptocurrency and gold, driven by a mutual distrust of government bonds, contributing to a surge in gold prices, which recently surpassed $5,200 per ounce [1][2] - Tether's CEO, Paolo Ardoino, likens the company's role in the gold market to that of a central bank and anticipates that geopolitical shifts will lead to the emergence of gold-backed alternatives to the dollar [1][7] Gold Acquisition Strategy - In the past year, Tether purchased over 70 tons of gold, significantly outpacing most central banks, with only Poland's acquisition exceeding Tether's [2] - The company maintains a weekly acquisition rate of 1 to 2 tons of gold and plans to continue this strategy in the coming months [2][5] - Tether's gold holdings are valued at approximately $24 billion, with the majority being company-owned reserves, while a portion supports its gold-backed tokens [2][6] Market Impact - Tether's substantial gold purchases are believed to have contributed to a 65% increase in gold prices over the past year, positioning the company as a key new buyer in the market [3][4] - The World Gold Council acknowledges Tether's influence on gold prices but emphasizes that it is only one of many factors driving the current gold market dynamics [4] Competitive Positioning - Tether aims to establish itself as a leading player in the gold trading market, competing directly with major banks like JPMorgan and HSBC [5] - The company has recruited experienced gold traders from HSBC to enhance its market operations and is exploring active trading strategies to capitalize on price discrepancies [5][6] Broader Investment Strategy - Tether is not limited to physical gold; it is also acquiring shares in gold royalty companies, indicating a diversified approach to its gold investment strategy [6] - The company is developing a gold-backed stablecoin, Tether Gold (XAUT), which is expected to see significant market circulation, potentially reaching $5 to $10 billion by the end of the year [7][8] Future Outlook - Tether's gold strategy aligns with a broader trend of countries increasing their gold reserves as a hedge against dollar depreciation, suggesting a potential shift towards gold-backed currencies [7][8] - The company's proactive approach in the gold market positions it well to capture emerging opportunities as global economic uncertainties persist [7][8]

Group 1 - Coinbase and Glassnode report indicates that Bitcoin is entering a more stable and resilient phase, with reduced sensitivity to market shocks and a preference for options hedging among institutional investors [1] - Standard Chartered Bank warns that stablecoins could siphon off up to $500 billion in bank deposits by 2028, with U.S. banks potentially losing about one-third of the stablecoin market value [1] - Tether has become the largest non-sovereign holder of gold, with over 140 tons valued at approximately $24 billion, surpassing the official reserves of several countries [2] Group 2 - Arthur Hayes suggests that the weakness of the Japanese yen and rising JGB yields may trigger liquidity interventions by the U.S. Federal Reserve, potentially providing temporary support for risk assets like Bitcoin [3] - A Chinese national was sentenced to nearly four years in federal prison for laundering approximately $37 million in cryptocurrency fraud, highlighting ongoing issues with crypto-related scams [4] - Ethereum researcher proposes Fork-Choice Enforced Inclusion Lists (FOCIL) as a key feature for the upcoming Hegota upgrade, aimed at enhancing censorship resistance and reducing centralization [5]