Fidelity recently announced that it would be launching its own stablecoin, to be pegged to the US dollar. Learn more here.

After first making headlines upon filing paperwork for its very own money market fund, Fidelity seems to be taking the next step toward this grand goal by issuing its own 

 pegged to the US dollar could be the start of a multi-stage scheme to help crypto achieve mainstream adoption.

If you're new to fund-issued stablecoins, or perhaps a crypto beginner whose attention has been piqued, you might be wondering how Fidelity’s stablecoin could impact the crypto market. From highlighting how the Fidelity stablecoin differs from its other fiat-backed counterparts (e.g., 

) to elaborating on the possible motives for launching it, here's everything you need to know about the proposed Fidelity stablecoin.

Founded in 1946, Fidelity Investments has built a reputation as a leader in financial services. To date, it's managed trillions of dollars in assets for individuals and institutions alike. 

Known for its innovative approach to investing, Fidelity has consistently stayed ahead of the curve by embracing new technologies and trends. From mutual funds to retirement accounts, it's fair to say that Fidelity is a trusted name in finance, and has successfully established its presence, thanks to its storied legacy in financial services.

Fidelity’s foray into crypto isn’t new. With the demand for digital asset services growing larger over time, the company has quietly been building its presence in the crypto space through 

 since 2018, with dedicated service that provides custody and trading services for institutional and individual investors.

By launching its own stablecoin, Fidelity is taking this commitment toward 

 innovation to the next level, signaling its belief in the long-term growth potential of digital assets.

Like many of its popular stablecoin counterparts, Fidelity’s stablecoin is pegged to the US dollar. This ensures price stability, a critical feature for traders looking to mitigate risk amid 

. Built on blockchain technology, this stablecoin is ostensibly designed to integrate seamlessly with Fidelity’s broader ecosystem of tokenized financial products. This means users can expect a secure, efficient and transparent digital asset that aligns with Fidelity’s high standards.

 like Tether’s USDT and Circle’s USDC dominate the market, Fidelity’s offering brings something unique to the table: trust. As a regulated financial institution with decades of experience, Fidelity offers a level of credibility that few other stablecoin issuers can match. Furthermore, its focus on regulatory compliance positions it as a safer alternative for both retail and institutional investors.

Fidelity’s stablecoin represents a deliberate effort to integrate its institutional expertise with blockchain’s efficiencies. By creating a dollar-pegged digital asset, the firm aims to serve as a trusted intermediary for clients navigating both traditional and crypto markets. Moreover, the Fidelity Digital Assets division has already laid the groundwork through Bitcoin custody services and 

. The proposed stablecoin extends this infrastructure, allowing institutional investors to transition seamlessly between volatile cryptocurrencies and stable-value instruments without exiting Fidelity’s ecosystem.

The stablecoin market has grown exponentially, surpassing $200 billion in 2025. This surge is largely being driven by demand for volatility hedging and cross-border payment efficiency. Fidelity recognizes that traders and institutions increasingly require reliable on-ramps between fiat and crypto. Its stablecoin offers a compliant alternative to incumbents, such as Tether and Circle, who face lingering skepticism about reserve transparency. By entering this space, Fidelity would not only meet immediate demand, but position itself as a leader in institutional-grade digital assets, thus appealing to risk-averse entities.

The US regulatory landscape under the current administration has shifted decisively toward crypto-friendly policies, and the Stablecoin Innovation Act and the GENIUS Act are advancing through Congress, aiming to establish clear rules for reserve backing and 

 compliance. Designed with Treasury reserves and audit transparency, Fidelity’s stablecoin aligns with these impending standards. By proactively adopting regulatory best practices, Fidelity avoids the scrutiny faced by Tether — and positions its stablecoin as a “gold standard” for institutional adoption.

Stablecoins generate revenue through interest earned on reserve assets. For example, Tether reported over $6 billion in net income in 2024 from its treasury holdings. Fidelity already manages $80 billion in its Treasury Digital Fund, and can potentially monetize its stablecoin reserves while offering competitive yields to clients. This creates a dual revenue stream, consisting of fees from asset management and interest from stablecoin reserves.

The stablecoin market remains dominated by Tether and Circle, but their retail-focused models leave room for institutional alternatives. Fidelity’s brand reputation, combined with its existing relationships with hedge funds and pension plans, gives it a unique edge. For example, its stablecoin could integrate directly with retirement accounts, allowing 401k participants to allocate to crypto without custody risks. This differentiation is critical as rivals like BlackRock and Franklin Templeton expand their tokenized offerings.

While details are still scarce, the following are some likely use cases for the Fidelity stablecoin.

Using Fidelity’s stablecoin for staking

One of the most exciting use cases for Fidelity’s stablecoin is staking. For traders and investors, staking offers an opportunity to 

 by locking up their assets in support of blockchain networks. With Fidelity’s stablecoin, users could stake their holdings with confidence, knowing they’re backed by one of the most trusted names in finance.

Enhancing market liquidity and capital efficiency

Fidelity’s stablecoin is also expected to enhance liquidity across trading platforms. By providing a reliable medium of exchange that 

 fiat currency and digital assets, this stablecoin could streamline trading operations and reduce transaction costs, creating a win-win for traders and exchanges.

Facilitating real-world asset (RWA) tokenization

Fidelity's stablecoin is strategically positioned to drive the tokenization of RWAs by democratizing access through fractional ownership of commodities and real estate, thus streamlining the trading and settlement of tokenized securities as a stable exchange medium. This could ultimately foster a more efficient and transparent payment ecosystem for tokenized goods and services.

How will this impact the current crypto landscape?

Legitimization and mainstream adoption of crypto

Fidelity's established reputation within traditional finance lends significant credibility to the crypto space. This legitimacy can alleviate concerns among mainstream investors who have been hesitant, due to perceived risks or a lack of understanding. By offering a regulated stablecoin, Fidelity signals that digital assets are becoming a legitimate part of the broader financial landscape, encouraging greater participation from institutional and retail investors alike. This increased confidence can lead to wider adoption of crypto-related products and services, integrating them into everyday financial transactions.

Market stabilization and increased liquidity

The substantial capital that Fidelity brings to the market can significantly increase liquidity, reducing price volatility and making crypto assets more attractive to traditional investors. Increased liquidity facilitates smoother trading and reduces the risk of significant price swings, creating a more stable and predictable market environment.

Fidelity's involvement encourages dialogue between regulators and established financial institutions, leading to clearer and more comprehensive regulatory frameworks for stablecoins and other digital assets. By leveraging its existing compliance and risk management expertise, Fidelity can contribute to the development of robust security standards and best practices for the crypto industry. This increased regulatory clarity and security can reduce the risk of fraud and market manipulation, fostering greater trust and confidence among investors.

he introduction of a regulated stablecoin from a trusted institution can accelerate the integration of traditional financial products and services into the 

 (DeFi) space. Such integration can lead to the development of innovative financial instruments, such as tokenized securities and decentralized lending platforms, bridging the gap between TradFi and DeFi while allowing for far greater capital efficiency within the DeFi space.

Driving crypto infrastructure standardization

Fidelity's participation can drive the development of standardized infrastructure and interoperability protocols, facilitating seamless transactions across different blockchain networks and traditional financial systems. This standardization could improve the efficiency and scalability of the crypto market, thereby enabling greater adoption and integration with existing financial infrastructure.

What are the challenges that Fidelity may face?

While Fidelity's late entry into the stablecoin market is promising, due to its institutional credibility and regulatory focus, it does face substantial challenges. At the top of the list of Fidelity’s potential challenges: competing with established stablecoin giants like USDT and USDC will require Fidelity to demonstrate superior transparency, security and seamless integration of the Fidelity stablecoin within existing ecosystems. 

Building trust with a potentially hesitant crypto native demographic and overcoming established network effects will also require strategic partnerships, competitive incentives and a flawless track record in maintaining a stable peg to the US dollar.

The regulatory environment surrounding stablecoins is rapidly evolving. Recent developments such as the 

 (GENIUS) Act signal a more favorable stance toward crypto in the United States. For companies like Fidelity, this creates an opportunity to innovate within clear regulatory frameworks while addressing concerns around transparency and accountability. However, this evolving legislative landscape doesn't mean that Fidelity is out of the woods yet. This is especially so because regulations aren’t uniform across all jurisdictions. Therefore, Fidelity will need to demonstrate regulatory agility and adaptability to navigate these varying requirements.

Lastly, while there’s speculation that the Fidelity stablecoin could play a huge part in the company’s tokenized money market fund offering, there’s currently nothing set in stone. This is due to the inherent complexities of integrating a newly launched stablecoin into existing financial products, as well as the need to navigate potential regulatory hurdles related to that integration. Since Fidelity Digital Assets and 

 are two separate entities, there will likely be some coordination needed before Fidelity can incorporate its stablecoin into its onchain bond market.

Fidelity’s launch of its own stablecoin marks an important milestone in the evolution of digital finance. By combining stability with trust and regulatory compliance, this new offering has the potential to reshape the way traders interact with crypto. For beginners looking for a safe entry point into crypto, as well as experienced traders seeking reliable tools for staking and liquidity management, Fidelity’s stablecoin offers an enticing proposition. 

Likewise, for institutional traders, the proposed stablecoin provides a compliant and secure bridge between traditional finance and DeFi, unlocking new avenues for managing assets and diversifying portfolios. While challenges remain, Fidelity’s entry is poised to accelerate the integration of digital assets into mainstream finance, ultimately paving the way for wider adoption and innovation.

Intermediate

fidelity stablecoin.png

Fidelity’s new stablecoin: A bold step into crypto stability

Learn how Amnis Finance (AMI) transforms APT staking with liquid staking solutions. Earn rewards, maintain liquidity, and explore DeFi opportunities seamlessly.

 (DeFi) enthusiasts passionate about exploring the endless opportunities in the crypto market.

, through which your assets are locked for a fixed period and can’t be used for other purposes, liquid staking solutions offer the flexibility to channel your staked assets to yield-generating ventures while preserving liquidity. 

One such platform is Amnis Finance, a pioneering liquid staking protocol on the 

 that provides investors with yield-bearing tokens to leverage DeFi opportunities.

 is a liquid staking platform on the Aptos blockchain whose users can stake their APT tokens and earn rewards through DeFi activities, such as 

Offering a staking APR of 8.02%, Amnis is exclusive to Aptos, a 

 with superior technology known as Move, designed for scalability, security and low-cost transactions.

Through Amnis, those who hold APT (the native token for the Aptos network) can stake their tokens and receive tokens of equivalent value, which they can now use for trading and investing opportunities without unstaking their locked tokens.

Furthermore, Amnis has created new financial instruments that are attractive to institutional investors. These instruments use a yield tokenization concept that splits tokens into yield-bearing and principal tokens.

At the heart of Amnis Finance’s operations is an innovative staking structure designed to provide the involved parties with efficient and flexible investing. Amnis system is powered by smart contracts that enable APT token holders to effortlessly maximize returns without having to lock their capital or run a validator’s node.

The basic architecture of Amnis is composed of the following components:

, it issues amAPT. The user can then use these tokens to participate in the Aptos DeFi ecosystem, or stake them on Amnis to receive stAPT tokens and generate rewards.

, maintaining a 1:1 peg with APT. Users who stake their APT tokens through Amnis Finance receive an equivalent amount of amAPT, which can be utilized across various DeFi platforms without forfeiting staking rewards. This design ensures that users retain flexibility and can engage in activities such as lending, borrowing and liquidity provision, while their assets continue to generate staking yields.

 that allows investors to instantly withdraw their amAPT tokens. This convenient withdrawal feature helps them bypass the 14-day waiting period common with traditional staking.

Amnis Finance has established a reserve mechanism to ensure price stabilization in case of market surges. When necessary, the platform may buy back amAPT, and the profits are transferred to the Amnis treasury.

For users seeking to maximize their staking returns, stAPT offers an auto-compounding yield-bearing option. By depositing amAPT into the stAPT vault, users receive stAPT tokens that represent their share in the staking pool.

As staking rewards accumulate, the value of stAPT increases proportionately, eliminating the need for manual restaking and providing a seamless way to enhance staking yields over time.

Beyond its dual-token model, Amnis Finance introduces an innovative approach to yield optimization through yield tokenization. This process involves 

 yield-bearing assets (such as stAPT) into standardized yield tokens (SY), which are then divided into principal tokens (PT) and yield tokens (YT).

The PT token represents the original value of the staked asset, and can be redeemed at a 1:1 ratio upon maturity, while YT signifies the portion of interest generated over time. This segmentation allows users to tailor their investment strategies by separately managing principal and yield components, offering greater control and flexibility in crafting financial outcomes.

 for the Amnis Finance ecosystem. It’s designed to ensure a balanced ecosystem on the network. AMI token holders can propose changes and vote on key matters regarding the operation of Amnis Finance. AMI is also used as an incentive to promote the adoption of the Amnis Finance liquid staking ecosystem.

Amnis Finance has a total supply of 1 billion AMI tokens, allocated as follows:

Furthermore, Amnis Finance has a token emission schedule (spread over 48 months) that’s designed to facilitate decentralization, ensure balanced distribution and incentivize participants. The vesting schedule is shown below:

 to reward its early adopters and active contributors to its ecosystem. The details of the AMI airdrop are as follows.

30 million AMI tokens were set aside for the Amnis Retroactive Airdrop, in which 10,000 users received rewards for their participation (based on their rankings). The snapshot for those who qualify for this airdrop ran from Nov 7, 2023, to Mar 25, 2025.

Eligibility was determined based on accumulated retroactive points earned through various activities, such as minting APT to amAPT on Amnis, providing amAPT/APT liquidity on platforms like Liquidswap and PancakeSwap, and depositing stAPT with Aries Markets.

In addition to the Retroactive Airdrop, Amnis Finance has allocated 5 million AMI for holders of Draconian NFTs, with each NFT granting its holder 1,500 AMI tokens.

Furthermore, to commemorate its token generation event (TGE) and honor community support, Amnis Finance launched an Exclusive TGE NFT Airdrop campaign. This initiative allows participants to earn rare NFTs and claim a share of a 1 million AMI reward pool. The claiming period for Exclusive TGE NFT holders began on Apr 2, 2025, and will remain open for 12 months.

 on Bybit’s Spot trading platform. To celebrate this listing, Bybit is holding two Token Splash events in which a total of 

Amnis Finance is revolutionizing the Aptos ecosystem by unlocking the full potential of the APT token through liquid staking. By converting APT into amAPT, users can earn staking rewards while they maintain liquidity and access to DeFi opportunities.

With added benefits like a Retroactive Airdrop and NFT-based rewards, Amnis incentivizes active participation and long-term engagement. As the platform continues to grow, it’s empowering users to put their APT to work more efficiently, increasing both flexibility and yield.

Whether you're a DeFi enthusiast or a long-term holder, Amnis Finance is a powerful tool for maximizing your Aptos staking potential.

amnis finance.png

Amnis Finance (AMI): Maximizing APT potential with a liquid staking protocol

U.S. stocks and cryptocurrency dropped on April 3 after President Trump’s reciprocal tariffs sparked trade tensions and a sell-off in riskier assets.

The S&P 500 fell 4.84%, its steepest drop since 2020, after Trump announced sweeping new tariffs that sparked fears of global trade retaliation. Gold fell 0.85% to $3,106.99 after hitting a record $3,167.57, driven by profit-taking and margin calls amid Trump’s tariff-induced selloff. Analysts expect central banks to sustain its rally despite potential pressure by late 2025. The Coindesk Indices, which tracks the broader crypto market, are down by 1.46%, with Bitcoin and Ether down 5.77% and 4.34% respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is ZRO, up 6.9%, as BounceBit enables $BBTC and $BBUSD token bridging across Ethereum and BNB Chain via LayerZero.

LayerZero (ZRO), launched in 2021, is a cross-chain interoperability protocol enabling secure blockchain communication. It has raised $260M+ and reached a $3B valuation. Supporting 48 blockchains, its V2 upgrade enhances security and programmability. Its first DApp, Stargate Finance, enables seamless cross-chain transfers. BounceBit has 

 that its $BBTC and $BBUSD tokens are now bridgeable via LayerZero's OFT adapter standard, enabling these tokens to be transferred across multiple networks. Users can bridge these tokens to Ethereum and BNB Chain through BounceBit's portal, with official contract addresses provided for both tokens.

Check out the latest prices, charts, and data of 

U.S. stocks and cryptocurrency dropped on April 3 after President Trump’s reciprocal tariffs sparked trade tensions and a sell-off in riskier assets. Despite Trump’s pro-crypto stance, economic instability hit the sector. Analysts note crypto’s borderless nature may cushion losses, with ETFs potentially attracting retail inflows, though flows could shrink if uncertainty persists. “Bitcoin tracks macro signals like yields and dollar strength,” said Ben Kurland of DYOR. David Hernandez of 21Shares noted crypto’s resilience, with bitcoin holding key support, signaling strong demand despite ongoing policies.

Yesterday, BTC spot ETFs saw a total outflow of $165.1M, with GBTC losing $60.2M and non-GBTC funds shedding $104.9M.

 allocates 600M BABY tokens (6% of total supply) to Phase 1 Bitcoin stakers, Pioneer Pass NFT holders, and open-source contributors, with the tokens distributed at the launch of the Babylon Genesis blockchain. Categories include stake participation (30M BABY), base staking rewards (335M BABY), and a bonus for Phase 2 transition (200M BABY). NFT holders receive 300 BABY per NFT (30M total), while 5M BABY is reserved for GitHub developers. Recipients must register by March 25, 2025, and tokens will be automatically transferred to eligible users, with additional airdrops for social media supporters and other campaigns planned.

Beginner

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Trump tariffs trigger sell-off and stocks and crypto slide amid trade tensions

In this tutorial, we’ll explore how you can complete a series of tasks in Nad.fun for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Nad.fun for the 

Task: Complete quests on Nad.fun with your Bybit Wallet

button in the upper-right corner of the page to connect your wallet (such as the Bybit Wallet).

: Complete the available tasks listed under 

: Enjoy an exclusive 1.2x multiplier on your weekly leaderboard points when you use your Bybit Wallet to participate!

nad.fun tutorial.png

How to complete Nad.fun tasks for the Bybit x Monad ecosystem airdrop

Bybit Learn

Crypto

SafePal is a developer of crypto wallet products and accessories that provide exceptional security at affordable prices. Find out more about it here.

When it comes to managing your cryptocurrency with confidence, SafePal’s excellent hardware wallet, the S1, is a great choice. This top-tier piece of crypto tech is completely detached from the web, so it maximizes your crypto security. SafePal's hardware wallet is fully portable, too. You can take it anywhere you travel; just pitch it in your pocket. For its price, this crypto tech product is hard to beat. Interested to find out more? Read on as we discover the features of the SafePal S1, as well as other SafePal products you shouldn’t miss out on.

SafePal’s story begins in 2018. Before the year’s end, Binance, the world's largest crypto exchange, had strategically invested in the newest security company in the crypto space. Subsequently, in May 2019, SafePal launched the S1, its hardware wallet. At the end of the year, the expanding company implemented its fiat on-ramping services.

Five months later, in May 2020, SafePal launched its software wallet online. In August, the company implemented trading services and a DApp store through Binance. As 2021 dawned, SafePal issued its new utility token, SFP.

The new year featured several brand milestones. In February, SafePal became Binance's first launchpad project. A month later, SafePal began its 

, a hit with loyal users. In October, the company's popular crypto yield aggregator, SafePal Earn, became available, and then the new Giftbox Program closed out the year.

In 2022, this leading protector of crypto assets kept improving its value. The brand added 25 blockchain platforms to its wallets' supported platforms. Additionally, SafePal launched its Extension Wallet for browsers in July. Finally, the crypto tech company raised its user base to 7.5 million.

The SafePal hardware wallet is a highly secure way to store your private keys for 

 or any other crypto assets. With no connection between the device and the web, your SafePal wallet creates an 

 that helps you squirrel away your investments from nefarious actors.

The SafePal S1 Hardware Wallet protects your crypto assets with:

Additionally, this excellent crypto wallet:

Resembling a thick credit card with a screen on it, SafePal's S1 Hardware Wallet is an excellent alternative to software wallets.

For a rich understanding of what SafePal offers, take a moment to learn about the growing company's full product line.

SafePal further established its brand with this excellent product — the 

. You download it onto your phone to protect your digital assets. You can manage your SafePal Software Wallet on an Android or iOS device, and just like the SafePal S1 Hardware Wallet, it supports 54 blockchains. It also has seed phrase support for an extra layer of security.

 from SafePal provides maximum security. You can lock it in a safe for cold storage or conveniently bring it with you, though we’d recommend against this, as you might lose it.

More importantly, the S1 competes quite nicely with 

 crypto wallets, which many consider top-notch. You can confidently choose the S1 and feel quite secure about the state of your digital currency and assets.

 to your Chrome, Firefox or Edge browser. It gives you a full SafePal experience within your web browser, so you can check on your preferred assets' prices without opening SafePal's app. This is a convenient way to access 

 during your workday. Just put the extension on your work browser. (You don't have to tell the boss — keep active in your DeFi life, and you'll be the boss soon enough.)

Buy this crypto wallet accessory to protect your mnemonic seed phrases with ultrahigh security. Seed phrases are essential in cases where hardware wallets become misplaced, for example. This important accessory enables the recovery of your digital assets. 

 features support for 12-, 18- and 24-word phrase strings.

If extreme confidence in your life's diverse security products matters to you, Cypher's build will impress you. The crypto-tech company engineered this phrase-protecting device to withstand fires exceeding 2,500°F. Its 304-grade stainless steel resists water, acid and salt, too.

Within SafePal's exceptional crypto ecosystem, you’ll notice valuable features.

 services in the crypto industry. You can access it through the company's software wallets.

SafePal Swap lets you conveniently swap crypto tokens across different blockchains. Compared to other alternatives, the service is fast and cheap. You’ll enjoy limited slippage, too. On the SafePal App, swap orders are usually completed within 30 minutes.

 lets you do this in a native decentralized finance environment, giving you the simplest DeFi experience available.

You access Earn within the smooth-running SafePal App. The feature lets you aggregate yield by staking crypto without a third-party DApp. With Earn, you also don't have to store your gas fee tokens for pool compounding.

Every SafePal Earn protocol operates around SFP, the company's popular utility token. Auto-compounding plays an important role in easily creating gains through Earn. A nominal percentage of the pool's profits creates revenue for the platform.

When you choose SafePal's S1 Hardware Wallet, you gain important advantages over other forms of storing your vital crypto data.

Possessing a top-quality hardware wallet lets you opt for the cold storage of your cryptographic keys. By comparison, you might envision a software wallet, which is connected to the web's infrastructure, as 

Clearly, by comparison, hot storage is problematic. Cold storage maximizes your security. The SafePal S1 gives you that maximum security. You can lock the S1 in a home safe and protect your irreplaceable crypto assets.

Placing this hardware wallet in your safe is the most convenient form of cold storage.

Throughout your investing life, sound monetary decisions are essential. The S1 Hardware Wallet saves you money. Commonly, hardware wallets are priced beyond $100. Of course, features vary, but you don't need bells and whistles with a hardware wallet. You simply need cold storage for your crypto keys.

The S1 Hardware Wallet gives you exactly that — as well as a convenient UI/UX setup. You’ll enjoy the SafePal App's user experience, and you can apply your savings toward SFP tokens, which can yield gains through SafePal Earn. Soon, you’ll be happily immersed in SafePal's superb crypto ecosystem.

When you look at any crypto item's advantages, you must also consider its disadvantages.

When you need to upgrade your SafePal S1 Hardware Wallet's firmware, your 

 become momentarily vulnerable. Firmware upgrades require connecting the S1 to a computer or smartphone by USB cable.

You’ll need to decide how important this issue is for you. In fact, any hardware wallet needs USB connectivity to periodically upgrade its firmware. While this need creates a temporary weakness when your hardware wallet is connected to another device, remember that your S1 will still be much more secure than a software wallet.

If You Pocket It, You Might Lose It and That's a Hassle

Suppose you lost your SafePal S1, which would be unfortunate. For a moment, you might think you’ve lost all of your digital assets. Fortunately, that’s not the case. If you ever lose an S1, don't worry. It's not a total loss, but it is a bit of a hassle.

Since your S1 only holds cryptographic keys, losing it isn’t the same as losing a leather wallet full of fiat currency. Losing your SafePal S1 — or any hardware wallet, actually — simply means losing your keys, not your coins.

Your crypto coins physically exist on the blockchain. To recover them, you simply need to supply your mnemonic seed phrase via the SafePal App.

Of course, you don't ever want to lose both your hardware wallet and your seed phrase. Losing both items would likely make your crypto assets extremely hard to recover. To ward against this possibility, it's a wise idea to protect your seed phrase with SafePal Cypher.

As a younger, growing player in the marketplace, SafePal creates a remarkable challenge to Ledger, makers of the popular Nano line of hardware wallets. Now, consider what’s similar and different about these brands to help you decide how much value the SafePal S1 Hardware Wallet would bring to your crypto life.

Both Brands Offer Crypto Storage Consumers Trust

In many ways, SafePal and Ledger do the same thing: both companies deliver reliable hardware wallets. Since a hardware wallet enables cold storage of cryptographic keys, this type of product has also been called a 

. Ledger launched the crypto space's first cold wallet in 2014.

Still, cold wallets aren’t always air-gapped. In fact, Ledger places consumer convenience over premium security. For example, the brand's Nano hardware wallets can conduct transactions via USB. Further, the Nano X has Bluetooth connectivity for smartphone transactions. Those aren’t the features of an air-gapped hardware wallet.

Alternatively, the SafePal S1 is a truly air-gapped device. The device's USB cable only exists for charging and firmware updates. When you place transactions with the S1, you use QR codes on the SafePal App and the hardware wallet's camera.

You can interface with either of these hardware wallets through a built-in screen. As you evaluate your options, keep in mind that these aren’t touchscreens; their hardware wallets offer you buttons for navigation. On the SafePal S1, four directional buttons sit beneath the screen, and they surround a selector button. These buttons give you quick navigation of the S1's 

Ledger wallets feature a less convenient navigation method. You’ll find two multifunction buttons on Ledger's Nano wallets, which manage the Nano line's text-based interface. Though Ledger's hardware wallets are durable and built to protect 21st-century assets, this style of interface navigation feels like visiting a bygone era. It's rather similar to playing an electronic football game from the 1980s.

Also, keep in mind that Ledger's wallets feature smaller screens than the screen found on the S1. SafePal gives the S1 Hardware Wallet a 1.3-inch color screen. By contrast, the largest Ledger Nano, the Nano X, features a 0.3-inch monochrome screen.

Very likely, you’ll engage more easily with the SafePal S1 Hardware Wallet.

SafePal's Hardware Wallet Saves You Money

Ledger offers multiple hardware wallets at different price points, but they all cost more than the excellent, trusted SafePal S1. Currently, the S1 retails for $49.99. Ledger's lowest price for a Nano hardware wallet is $10 higher than that figure, and the two products give you comparable features.

In several categories, the SafePal S1 is clearly the better hardware wallet, especially since it saves you money. Even if you pay for Ledger's premium hardware wallet — the Nano X, whose price tag is triple that of SafePal's S1 — you may end up with a diminished user experience.

After all, the S1 supports more currencies, has a bigger screen and its interface is much easier to navigate.

Due to their build quality, Ledger hardware wallets feel more substantial. But in a conceptual sense, you actually get more with the S1 because of the value it delivers.

The SafePal S1 Supports Unlimited Currencies and Tokens

On a Ledger Nano hardware wallet, you can protect the keys for more than 5,000 cryptocurrencies and tokens. Using the 

 chain, Ledger wallets also store NFT keys. However, 

, Ledger's wallets support a narrow band of the crypto space's available investments.

The SafePal S1 Hardware Wallet lets you choose from a broad spectrum of currencies and tokens. In addition to storage of NFT assets on the ERC-20 chain, the S1 lets you manage unlimited tokens on 54 supported blockchains. This increasingly popular wallet also gives you unlimited currency storage.

You can see why traders from more than 200 countries and territories have chosen SafePal hardware wallets.

At the start of 2021, SafePal launched its own token, SFP. This is a utility token that helps fund the company. If you buy into it, you can:

SafePal’s token supply is capped at 500 million.

As 2023 began, SafePal had 7.5 million users. Clearly, this is an established crypto-security brand. SafePal's stated plans include further hardware wallet advancements, with an eye on the eventually emerging 

The current price of SFP is $0.51 (as of Feb 28, 2023). Price analysts at 

 price will break the $1 mark by 2024 and hit $1.89 by 2025. SFP’s price is then predicted to reach $6 by 2028, and $12.18 by 2030. While sharing the same positive outlook, DigitalCoinPrice is slightly less bullish, forecasting that SFP will break the $1 mark in 2023 and reach $1.96 by 2025. It predicts SFP’s price will then hit $3.02 in 2028 and $5.72 in 2030.

. Bybit’s unique marketplace offers you next-level opportunities and reliability in trading crypto assets.

The company funded by the SFP token is clearly a good business. SafePal develops stellar products, and helps their users keep their crypto extremely safe. Furthermore, they offer an exceptional value proposition, both as a brand and an investment token. Nobody knows the future, but SFP certainly seems to be a good investment from a HODL perspective. With that in mind, the future looks bright if you HODL. Naturally, practicing

That said, it’s always recommended that you 

 before choosing to invest in any cryptocurrency, including SFP.

SafePal's S1 Hardware Wallet gives you elite-level security for your crypto assets, and it has an attractive price tag. With the SafePal App and the SFP token matching the company's leadership, SafePal provides attractive opportunities. Whether you’re a beginner or a veteran trader, it's worthwhile investing in SafePal and using its products.

SafePal (SFP): The Hardware Wallet on Par With Ledger

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards