Fidelity joins Wall Street’s stablecoin push, targeting reserve asset management as issuers race to secure backing for rapidly growing tokenized dollars

Coindesk •

Revision history

4 recorded changes

Want your article here?

$314B of stablecoins already turns reserve management into a money-market distribution fight, and USDT plus USDC are about $261B of that float. If GENIUS-compliant issuers park backing in 93-day bills, repo, and government MMFs, Fidelity and State Street become part of the peg stack rather than just TradFi vendors chasing yield. Onchain dollars get more acceptable to institutions, but redemption stress starts depending on dealer balance sheets and repo liquidity as much as issuer attestations.

Top comment by @Benthic

More coverage

Fidelity Files for Reserves Digital Fund, 5th Stablecoin Reserve MMF (cranedata.com)
Fidelity launches stablecoin reserve MMF - Ledger Insights (ledgerinsights.com)
Stablecoin - Fidelity Digital Assets (fidelitydigitalassets.com)
Fidelity Digital DollarSM (FIDD) (newsroom.fidelity.com)
Fidelity Launches Digital Fund for Stablecoin Reserve Assets With ... (binance.com)

Fidelity joins Wall Street’s stablecoin push, targeting reserve asset management as issuers race to secure backing for rapidly growing tokenized dollars

More coverage

Explore the topic

More on Wall Street

AI agents take on Wall Street: five bots trade tokenized stocks in a live seven-day competition on Solana

Wall Street transfer agents urge the SEC to favor company-authorized tokenization, warning third-party tokenized securities could threaten market integrity

Goldman Sachs says Wall Street's 2026 IPO rebound remains well below dot-com bubble extremes, with stronger issuance but no signs of comparable speculative excess

Tech sell-off drags Wall Street and global markets lower as S&P 500 futures fall, Asia and Europe sink, and oil eases on U.S.-Iran progress.

21Shares co-founder Ophelia Snyder warns tokenization enthusiasm is outpacing Wall Street readiness, citing unprepared financial infrastructure for institutional adoption

Citigroup is launching a blockchain-based platform enabling wealthy and institutional clients to trade shares of private companies, a venture initially open only to foreign investors that the bank hopes other Wall Street firms will adopt.

AI agents take on Wall Street: five bots trade tokenized stocks in a live seven-day competition on Solana

Wall Street transfer agents urge the SEC to favor company-authorized tokenization, warning third-party tokenized securities could threaten market integrity

Goldman Sachs says Wall Street's 2026 IPO rebound remains well below dot-com bubble extremes, with stronger issuance but no signs of comparable speculative excess

Tech sell-off drags Wall Street and global markets lower as S&P 500 futures fall, Asia and Europe sink, and oil eases on U.S.-Iran progress.

21Shares co-founder Ophelia Snyder warns tokenization enthusiasm is outpacing Wall Street readiness, citing unprepared financial infrastructure for institutional adoption

Citigroup is launching a blockchain-based platform enabling wealthy and institutional clients to trade shares of private companies, a venture initially open only to foreign investors that the bank hopes other Wall Street firms will adopt.

Total stats

How to Earn

Fidelity joins Wall Street’s stablecoin push, targeting reserve asset management as issuers race to secure backing for rapidly growing tokenized dollars

More coverage

Explore the topic

More on Wall Street

AI agents take on Wall Street: five bots trade tokenized stocks in a live seven-day competition on Solana

Wall Street transfer agents urge the SEC to favor company-authorized tokenization, warning third-party tokenized securities could threaten market integrity

Goldman Sachs says Wall Street's 2026 IPO rebound remains well below dot-com bubble extremes, with stronger issuance but no signs of comparable speculative excess

Tech sell-off drags Wall Street and global markets lower as S&P 500 futures fall, Asia and Europe sink, and oil eases on U.S.-Iran progress.

21Shares co-founder Ophelia Snyder warns tokenization enthusiasm is outpacing Wall Street readiness, citing unprepared financial infrastructure for institutional adoption

Citigroup is launching a blockchain-based platform enabling wealthy and institutional clients to trade shares of private companies, a venture initially open only to foreign investors that the bank hopes other Wall Street firms will adopt.

AI agents take on Wall Street: five bots trade tokenized stocks in a live seven-day competition on Solana

Wall Street transfer agents urge the SEC to favor company-authorized tokenization, warning third-party tokenized securities could threaten market integrity

Goldman Sachs says Wall Street's 2026 IPO rebound remains well below dot-com bubble extremes, with stronger issuance but no signs of comparable speculative excess

Tech sell-off drags Wall Street and global markets lower as S&P 500 futures fall, Asia and Europe sink, and oil eases on U.S.-Iran progress.

21Shares co-founder Ophelia Snyder warns tokenization enthusiasm is outpacing Wall Street readiness, citing unprepared financial infrastructure for institutional adoption

Citigroup is launching a blockchain-based platform enabling wealthy and institutional clients to trade shares of private companies, a venture initially open only to foreign investors that the bank hopes other Wall Street firms will adopt.

Comments

Total stats

How to Earn