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- Gamestop wants $1 billion in BTC
Gamestop wants $1 billion in BTC
Plus, asset management giant Fidelity plans to roll out its own stablecoin.
CoinSnacks
March 27, 2025 • Estimated Reading Time: 4 minutes
Happy Thursday. Trade wars continue... RFK to cut 10k health department jobs… OpenAI raises $40 billion… Just another day in the markets.
5. Fidelity Announces Launch of Their Own Stablecoin
Asset management giant Fidelity plans to roll out its own stablecoin, adding another big name to the rapidly expanding stablecoin scene (where we’ve already seen launches from PayPal, World Liberty Financial, and Ripple Labs). The token, backed by short-term Treasuries, fits right in with Fidelity’s broader push into “tokenized finance.”
Hard to keep track of all the stablecoins out there today.
So here's a handy list of the ones I can name off the top of my head that are worth watching:
USDT
USDC
DAI
USDe
PYUSD
USDY
RLUSD
USD1
The Wyoming & Fidelity stablecoins (that's what I'm referring to them as for now)— Jacquelyn Melinek (@jacqmelinek)
2:21 PM • Mar 27, 2025
4. GameStop Announces $1.3 Billion Plan to Purchase Bitcoin
GameStop $GME ( ▼ 1.2% ) announced yesterday that it intends to raise $1.3 billion for general corporate purposes, including acquiring Bitcoin. The move comes a day after the company revealed an update to its investment policy, allowing Bitcoin to be used as a treasury reserve asset.
3. Robinhood Launches Banking, Wealth Management, & More
The company $HOOD ( ▲ 0.9% ) is ever-more moving away from a traditional trading app. Last night the company announced a slew of new offerings including:
Robinhood Strategies: A robo-advisor for $250 per year
Robinhood Banking: Checking & Savings accounts with benefits like 4% yields, estate planning, tax advice, exclusive perks, cash on demand (lol), & more.
Robinhood Cortex: An AI investment tool
NYSE Parent ICE Teams Up With Circle Amid Stablecoin Boom
With stablecoin legislation looking likely, stablecoin competition is heating up. Today, Intercontinental Exchange $ICE ( ▲ 1.74% ) announced it would embed Circle’s USDC stablecoin and USYC, its tokenized money-market fund, within ICE’s global market machinery.
BREAKING NEWS: Global exchange and capital markets giant Intercontinental Exchange (ICE) and Circle moved towards the integration of USDC into their markets products and infrastructure.
In a major development in the stablecoin market, today we announced an agreement with ICE, to
— Jeremy Allaire - jda.eth / jdallaire.sol (@jerallaire)
1:52 PM • Mar 27, 2025
1. Yes, Another Stablecoin – But This One is Different
Custodia Bank and Vantage Bank just launched “Avit” on Ethereum – truly tokenizing actual bank deposits rather than relying on a crypto startup’s promise. It’s a first for U.S. banks, fully blessed by regulators, with no middleman stablecoin issuer involved. Essentially, it’s real dollars running on a public blockchain. That might sound boring, but it’s a milestone showing smaller community banks — not just Fidelity and friends – are also beginning to adapt and innovate.