🇺🇸🪙🏛️📊 Fidelity and Trump-Backed Firms Accelerate Stablecoin Push 🔹 Summary: Fidelity is set to launch a stablecoin and expand into tokenised Treasuries as the Trump administration promotes crypto-friendly regulation. The shift marks a strategic move in response to evolving oversight, with rival financial firms and pro-Trump entities joining the stablecoin race. 🔹 Key Points: • Fidelity’s stablecoin, managed via its digital assets arm, is in advanced testing and designed for use as cash in crypto markets. • The firm also plans to debut a digital money market fund in May, intensifying competition with BlackRock and Franklin Templeton. • Trump’s administration supports “lawful” dollar-backed stablecoins and aims to sign enabling legislation by August. • Over $234bn worth of stablecoins circulate globally, mostly offshore; critics warn of financial instability and fraud risks. • Trump-aligned World Liberty Financial also plans a stablecoin backed by short-term Treasuries, deepening the GOP’s crypto push. @CMEActiveTrader Tickers Of Interest: $ZT $ZF $ZN Tickers Of Interest: $USD $USDT $BTC $ETH $BLK $BEN $GBTC