Fidelity Set to Introduce Dollar-Linked Stablecoin FIDD on Ethereum

Fidelity Investments is gearing up to launch its dollar-pegged stablecoin FIDD on Ethereum, amidst increasing scrutiny of U.S. stablecoin regulations.

Fidelity Investments is preparing to unveil its proprietary stablecoin, known as FIDD, which will be backed by the U.S. dollar and operate on the Ethereum blockchain. This launch comes at a pivotal moment as regulatory attention on stablecoins in the United States intensifies.