Fidelity Investments正在准备发起自己的稳定币，以与USDT和USDC竞争

Fidelity Investments是全球最大的资产管理公司之一，拥有5万亿美元的资产，他正准备通过推出自己的Stablecoin来加深其参与加密货币市场。

Fidelity Investments, one of the world’s largest asset management firms with $5 trillion in assets, is preparing to deepen its involvement in the crypto market by launching its own stablecoin.

Fidelity Investments是全球最大的资产管理公司之一，拥有5万亿美元的资产，他正准备通过推出自己的Stablecoin来加深其参与加密货币市场。

This move comes as the US government, under President Donald Trump, accelerates regulatory reforms in the crypto industry. These changes are creating favorable conditions for traditional financial institutions to enter the space.

这一举动是因为美国政府在唐纳德·特朗普（Donald Trump）总统的领导下加速了加密行业的监管改革。这些变化为传统金融机构进入该空间创造了有利的条件。

What Is Fidelity’s Ambition Behind Its Stablecoin Plan?

富达在其稳定计划背后的野心是什么？

According to the Financial Times, Fidelity has already reached an advanced testing phase for its stablecoin. The company aims to use it as a form of “cash” for transactions in the crypto market.

根据《金融时报》的说法，富达已经达到了其稳定的高级测试阶段。该公司的目标是将其用作加密市场交易的“现金”形式。

This strategy signals direct competition with leading stablecoins like USDT and USDC, which are known for their role in market liquidity.

该策略标志着与USDT和USDC等领先的稳定币的直接竞争，这些竞争以市场流动性而闻名。

Additionally, Fidelity’s stablecoin is likely designed to be pegged to the US dollar, maintaining a 1:1 reserve backed by US Treasury bonds—a model commonly used by existing major stablecoins.

此外，Fidelity的Stablecoin可能被设计为固定与美元挂钩，维持由美国财政债券支持的1：1储备，这是现有主要的Stablecoins常用的型号。

However, Fidelity’s ambitions go beyond just issuing a stablecoin. The company plans to integrate it with a broader asset tokenization strategy. Last weekend, Fidelity applied to launch a digital money market fund by May 2025. This move will put them in direct competition with industry giants like BlackRock and Franklin Templeton.

但是，富达的野心不仅仅是发出稳定的。该公司计划将其与更广泛的资产令牌化策略融合在一起。上周末，富达（Fidelity）申请在2025年5月之前启动数字货币市场基金。此举将使他们与贝莱德（Blackrock）和富兰克林·邓普顿（Franklin Templeton）等行业巨头进行直接竞争。

Cynthia Lo (CC, Head of Digital Asset Management at Fidelity) is a strong believer in tokenization’s potential to transform finance. She envisions a future where digital assets can be seamlessly used as collateral to meet margin requirements in trading activities.

Cynthia Lo（CC，Fidelity的数字资产管理负责人）坚信令牌化转变金融的潜力。她设想了一个未来，可以将数字资产无缝用作抵押品，以满足交易活动的利润要求。

The global stablecoin market is currently valued at $234 billion, and Fidelity is clearly aiming for a share of this rapidly growing sector.

全球Stablecoin市场目前的价值为2340亿美元，Fidelity显然旨在为这个快速发展的行业提供一部分。

Moreover, Fidelity has shown interest in cryptocurrency, particularly Bitcoin (BTC), for years. Back in January, Fidelity Digital Assets released its “2025 Look Ahead” report.

此外，多年来，富达对加密货币（尤其是比特币（BTC））表现出了兴趣。早在一月份，富达数字资产就发布了其“ 2025年的未来”报告。

The report suggests that Bitcoin is on the verge of mainstream adoption and reassures investors that they are “not too late” to join the market.

该报告表明，比特币正处于主流采用的边缘，并向投资者保证，他们“不太迟”加入市场。

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 the increasing adoption of crypto by nations and major corporations.

富达数字资产研究总监克里斯·库珀（Chris Kuiper）预测，2025年将标志着一个转折点。他预计，由于国家和大型公司对加密货币的采用，数字资产将跨越主流接受。

Ranging from Bitcoin custody solutions to institutional investors since 2018, Fidelity has been a key player in the emerging field of institutional crypto services. This long-term vision for blockchain technology is evident in their strategic moves.

自2018年以来，从比特币保管解决方案到机构投资者，富达一直是机构加密服务新兴领域的关键人物。这种对区块链技术的长期愿景在其战略举动中显而易见。

Stablecoin Race Is Heating Up

Stablecoin Race正在加热

Major players are entering the fast-growing stablecoin market. Tether (USDT), the largest stablecoin, currently holds a $144 billion market capitalization, accounting for over 61% of the market, while Circle (USDC) continues to expand its influence.

主要参与者正在进入快速增长的Stablecoin市场。最大的Stablecoin Tether（USDT）目前拥有1440亿美元的市值，占市场的61％以上，而Circle（USDC）继续扩大其影响力。

With new stablecoins emerging and competing to replace USDT and USDC, the race is intensifying. CZ, the former CEO of Binance, believes that competition will only make the market more dynamic.

随着新的Stablecoins的出现并竞争取代了USDT和USDC，比赛正在加剧。 Binance的前首席执行官CZ认为，竞争只会使市场更具活力。

“No need to replace. The more, the merrier,” CZ, the former CEO of Binance, said in a recent tweet.

Binance前首席执行官CZ在最近的一条推文中说：“无需取代。

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

根据Defillama的数据，Stablecoin的总市值从2023年底的1,300亿美元飙升至2024年12月。到2025年底，Bitwise预测，这一数字可能会达到4000亿美元。

In addition to crypto-native companies, traditional financial institutions and fintech firms are entering the market. Firms like PayPal (with PYUSD), Custodia Bank, and Vantage Bank are venturing into the stablecoin domain.

除了加密本地公司外，传统的金融机构和金融科技公司也进入了市场。 PayPal（与Pyusd），Custodia Bank和Vantage Bank这样的公司正在进入Stablecoin域。

Announced on March 25, World Liberty Financial, a project backed by the Trump family, is launching USD1 stablecoin. The project reportedly raised $550 million in just a few months.

3月25日，由特朗普家族支持的项目World Liberty Financial启动了USD1 Stablecoin。据报道，该项目在短短几个月内筹集了5.5亿美元。