Ethereum Gains Wall Street Adoption as $6T Fidelity Prepares FIDD Stablecoin Launch

Fidelity Investments, with up to $6 trillion in assets under management (AuM), plans to launch its stablecoin on the Ethereum network. This move marks the latest crypto push from the asset manager, which already offers several crypto ETFs. With the planned stablecoin launch, the firm also joins a growing number of financial institutions seeking to launch their own stablecoins.