Fidelity Investments Launches Stablecoin, Embracing Blockchain Banking

Fidelity Investments introduces FIDD token on Ethereum, targeting both retail and institutional markets while adhering to the GENIUS Act's regulations.

Fidelity Investments has made a significant move into the cryptocurrency landscape by launching its very own stablecoin, known as the FIDD token. This initiative reflects a bold strategy to integrate blockchain technology into the future of banking.

The FIDD token will be built on the Ethereum blockchain, aiming to cater to both institutional and retail users. In addition, the stablecoin will comply with the reserve requirements outlined in the recently enacted GENIUS Act, ensuring that it adheres to regulatory standards.