Fidelity seeks approval for a U.S. dollar-backed stablecoin as part of its broader blockchain strategy, following recent Bitcoin purchases and a Solana ETF filing—yet its stock shows minimal reaction.

Fidelity says it is “actively testing” a stablecoin, but has no plans to launch the product at this time, a company spokesperson told Fortune on Wednesday. The traditional investment company’s experimentation with a stablecoin—a type of cryptocurrency designed to fluctuate in line with fiat-currencies like the U.

U.S. asset manager Fidelity Investments is exploring whether to launch its own stablecoin, in the latest sign of mainstream investors looking to cash in on a revival of interest in cryptocurrencies.