Fidelity to Launch Stablecoin FIDD on Ethereum

BlockBeats News, January 28th, Fidelity will launch the Fidelity Digital Dollar (FIDD) stablecoin on Ethereum, compliant with U.S. GENIUS regulatory standards. The stablecoin's reserve includes cash, cash equivalents, and short-term U.S. government securities, supporting 24/7 institutional settlement and on-chain retail payments, with daily disclosure of circulation and reserves, and regularly undergoing third-party audits.