Another area where traditional finance and crypto are starting to overlap is stablecoin infrastructure Fidelity Investments is launching a new money market fund designed for stablecoin issuers and institutional investors joining a growing group of Wall Street firms looking to participate in the reserve management side of the stablecoin market The move comes shortly after similar initiatives from major financial institutions highlighting how stablecoins are increasingly being viewed as part of broader financial infrastructure rather than just crypto trading tools Today stablecoins are used across payments, settlements and cross-border transfers and their growth is creating demand for regulated reserve products backed by cash and short-term government securities One of the more interesting developments is that competition is no longer only between crypto companies. Traditional asset managers are now competing for a role in the ecosystem that supports stablecoin liquidity and reserve management As adoption expands attention may increasingly shift from the tokens themselves to the infrastructure operating behind them