Stablecoin Showdown: Trump, Fidelity, or Banks

Author

Louis Jacobowski
March 26, 2025

This Week on ENDEVR:

Stablecoins are in the the spotlight today with three big updates:

Trump’s USD1 launch, Fidelity’s stablecoin reveal, and the first U.S. bank-issued stablecoin hitting Ethereum. It’s a three-way fight for crypto’s future—let’s break it down and pick our winner.

Trumps USD1

Political Powerhouse

President Donald Trump’s World Liberty Financial dropped USD1 today, a dollar-pegged stablecoin live on Ethereum and Binance Smart Chain. It’s got the President’s name—and his family’s 60% stake—behind it. Here’s the rundown:

  • Launched Today: Pegged 1:1 to the USD, backed by U.S. Treasuries and cash, per their statement.

  • Big Backing: $550M raised from WLFI token sales, with BitGo custodying reserves.

  • Target: Aimed at institutions and sovereigns for “secure cross-border transactions,” says co-founder Zach Witkoff.

  • Buzz: X posts call it a “TradFi-DeFi bridge”; rumors swirl of Binance ties. With Trump pushing the GENIUS Act, this could reshape regulation—and his wallet. But conflicts of interest loom large.

Fidelity’s Stablecoin

Wall Streets Wildcard


Fidelity, the $5.8T asset giant, confirmed today it’s jumping into stablecoins, hot on the heels of its Solana ETF filing. Details are thin, but the implications are thick:

  • Announced March 26: X posts and CNBC chatter confirm it’s real—no specs yet on blockchain or backing.

  • Muscle: Fidelity’s eyeing crypto after $3.18B in ETH ETF inflows since November—stablecoins are next.

  • Solana Hint: Posts on X tie it to their SOL push; could launch there alongside ETH.

  • Trust Factor: A regulated titan entering the fray screams legitimacy—think institutional adoption on steroids. Fidelity’s move could dwarf Trump’s flash with quiet, steady scale.

Bank Backed Avit

Ethereum’s Quiet Revolution

Custodia and Vantage Banks made history today, launching Avit—the first U.S. bank-issued stablecoin—on Ethereum’s mainnet. It’s small but seismic:

  • Live Now: Minted as an ERC-20 token, tested with B2B transfers, per CryptoSlate.

  • Regulated: Backed by bank deposits, compliant with AML and OFAC—banks playing by the rules.

  • Why It Pops: Fast settlements, low costs, and transparency, all on a public blockchain—ETH’s TVL could soar.

  • What people are saying: Posts on X call it “the blueprint” for dollar digitalization—banks beating crypto at its own game? Avit’s a sleeper hit in stable development.

The Call: Fidelity’s Got the Edge (For Now)


Trump’s USD1 has hype and political juice—$550M and a President’s clout aren’t nothing. But the conflict-of-interest and regulatory uncertainty may cap its ceiling. Avit’s a game-changer for banks on Ethereum, but it’s niche and untested at scale. Fidelity’s the dark horse: no splashy launch yet, just a promise, but their $5.8T heft and ETF success signal a stablecoin that could flood crypto with institutional cash. It’s early, but Fidelity’s quiet giant vibe wins 2025’s opening salvo—watch $SOL.X ( ▼ 0.79% ) and $ETH.X ( ▼ 1.87% ) prices if they deliver. Still, I’d keep an eye on all three; this race is just heating up.

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Here at Crypto Endevr we work to bring you the most relevant and useful crypto information available in a variety of different formats to allow subscribers a choice in how they consume the latest crypto news. Our episode “Trump's Crypto Revolution: Promises and Predictions” provides a look into what Trumps presidency will mean for Crypto in America!

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