Banks to lose up to $500B by 2028 as Fidelity’s digital dollar launches on Ethereum with freeze powers
Fidelity announced the launch of a stablecoin on the Ethereum mainnet, positioning the token as a compliance-wrapped settlement dollar distributed through the firm’s brokerage, custody, and wealth management channels. The move lands amid what looks like a stablecoin sprawl, as estimates suggest 59 new major stablecoins launched in 2025 alone, per third-party tracker Stablewatch. This […]