According to Crypto Rover, Fidelity is set to launch a digital dollar that will be backed by U.S. Treasury Bills. This move could potentially increase liquidity and offer a stable asset for trading in the cryptocurrency market. The backing by U.S. Treasury Bills may attract institutional investors seeking lower-risk digital assets. Source: Crypto Rover.

According to Aggr News, Fidelity is set to launch a tokenized fund investing in U.S. Treasury Bills, directly competing with BlackRock's BUIDL offering. This move is significant for traders as it marks Fidelity's entry into the tokenized assets market, potentially providing more liquidity and accessibility to investors seeking exposure to Treasury Bills through digital assets.