Fidelity Investments正在推出自己的Stablecoin，以加深其參與加密貨幣市場

這一舉動是因為美國政府在唐納德·特朗普（Donald Trump）總統的領導下加速了加密行業的監管改革。這些變化為傳統金融機構進入該空間創造了有利的條件。

U.S. asset management giant Fidelity Investments is preparing to deepen its involvement in the crypto market by launching its own stablecoin, a move that comes as the Trump administration accelerates regulatory reforms in the crypto industry.

美國資產管理巨頭富達投資正在準備通過推出自己的Stablecoin來加深其參與加密市場的參與，這一舉動隨著特朗普政府加速加密行業的監管改革而採取的舉動。

These changes are paving the way for traditional financial institutions to enter the crypto market in greater numbers.

這些變化為傳統的金融機構鋪平了道路，使得進入加密貨幣市場。

What Is Fidelity’s Ambition Behind Its Stablecoin Plan?

富達在其穩定計劃背後的野心是什麼？

According to the Financial Times, Fidelity has already advanced testing for its stablecoin and aims to use it as a form of “cash” for transactions in the crypto market. This signals direct competition with leading stablecoins like USDT and USDC, which are known for their role in market liquidity.

根據《金融時報》的報導，富達已經對其穩定的測試進行了提前測試，並旨在將其用作加密市場交易的“現金”形式。這標誌著與USDT和USDC等領先的穩定幣的直接競爭，它們以其在市場流動性中的作用而聞名。

Moreover, Fidelity’s stablecoin is likely designed to be pegged to the US dollar, maintaining a 1:1 reserve backed by US Treasury bonds—a familiar model in the industry. However, Fidelity’s ambitions go beyond just issuing a stablecoin. The company plans to integrate it with a broader asset tokenization strategy.

此外，Fidelity的Stablecoin可能被設計為掛鉤美元，並保持了由美國財政部債券支持的1：1儲備，這是該行業中熟悉的模式。但是，富達的野心不僅僅是發出穩定的。該公司計劃將其與更廣泛的資產令牌化策略融合在一起。

Last weekend, Fidelity filed an application to launch a digital money market fund in May 2025. This move directly competes with industry giants like BlackRock and Franklin Templeton.

上週末，富達（Fidelity）於2025年5月提出了一項申請，以啟動數字貨幣市場基金。此舉直接與貝萊德（Blackrock）和富蘭克林·鄧普頓（Franklin Templeton）等行業巨頭競爭。

Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity, believes that tokenization could transform finance. She highlights its potential to enable digital assets to be used as collateral for margin requirements in trading.

Fidelity的數字資產管理負責人Cynthia Lo Bessette認為，令牌化可以改變金融。她強調了它的潛力，使數字資產能夠用作交易保證金要求的抵押品。

The global stablecoin market is currently valued at $234 billion, and Fidelity is certainly keen to claim its share of this rapidly expanding sector.

全球Stablecoin市場目前的價值為2340億美元，Fidelity肯定渴望聲稱在這一迅速擴展的行業中所佔的份額。

In January 2025, Fidelity Digital Assets released its “2025 Look Ahead” report, which suggested that Bitcoin was on the verge of mainstream adoption and reassured investors that they were “not too late” to enter the market.

2025年1月，Fidelity Digital Assets發布了其“ 2025 Fook fefra”的報告，該報告表明，比特幣正處於主流採用和向投資者的放心，他們“不太遲”進入市場。

Chris Kuiper, Director of Research at Fidelity Digital Assets, predicts that 2025 will mark a turning point. He expects digital assets to cross the threshold into mainstream acceptance, driven by growing adoption from nations and major corporations.

富達數字資產研究總監克里斯·庫珀（Chris Kuiper）預測，2025年將標誌著一個轉折點。他預計，由於國家和大型公司的收養越來越多，數字資產將跨越主流接受。

Fidelity has long positioned itself as a pioneer in institutional crypto services. Since 2018, the company has offered Bitcoin custody solutions to institutional investors, demonstrating its long-term vision for blockchain technology.

富達長期以來一直將自己定位為機構加密服務的先驅。自2018年以來，該公司已向機構投資者提供了比特幣監管解決方案，展示了其對區塊鏈技術的長期願景。

The Stablecoin Race Is Heating Up

Stablecoin種族正在加熱

The stablecoin market is becoming increasingly competitive as major players enter the fray. Tether (USDT), the largest stablecoin, currently holds a $144 billion market capitalization, amounting to over 61% of the market. Meanwhile, Circle (USDC) continues to expand its footprint.

隨著主要參與者進入競爭，Stablecoin市場越來越有競爭力。 Tether（USDT）是最大的Stablecoin，目前持有1440億美元的市值，總計超過61％的市場。同時，Circle（USDC）繼續擴大其足跡。

As new stablecoins emerge and compete to claim their place, the race is heating up. CZ, the former CEO of Binance, believes that this competition will only make the market more dynamic.

隨著新的Stablecoins的出現並競爭奪取自己的位置，比賽正在加熱。 Binance的前首席執行官CZ認為，這項競爭只會使市場更具活力。

“No need to replace. The more, the merrier,” CZ remarked.

CZ說：“無需替換。越多，越來越多。”

According to DefiLlama, the total stablecoin market capitalization surged from $130 billion at the end of 2023 to over $200 billion by December 2024. Bitwise predicts that this figure could reach $400 billion by the end of 2025.

根據Defillama的說法，Stablecoin的總市值從2023年底的1300億美元飆升至2024年12月的2000億美元。 Bitwise預測，到2025年底，這一數字可能會達到4000億美元。

Not only crypto-native companies but also traditional financial institutions and fintech firms, such as PayPal (with PYUSD), Custodia Bank, and Vantage Bank, are entering the stablecoin market.

不僅加密本地公司，而且傳統的金融機構和金融科技公司，例如PayPal（與Pyusd），Custodia Bank和Vantage Bank，都進入了Stablecoin市場。

Moreover, World Liberty Financial, a project backed by the Trump family, announced its USD1 stablecoin on March 25, 2025. The project managed to raise $550 million in just a few months, highlighting the strong interest in stablecoins from both political and financial domains.

此外，由特朗普家族支持的項目世界自由金融（World Liberty Financial）於2025年3月25日宣布其USD1 Stablecoin。該項目在短短幾個月內設法籌集了5.5億美元，強調了政治和金融領域對穩定的股份的強烈興趣。