Tom Lee: Fidelity Stablecoin FIDD Set to Launch, Ethereum is the Future of Finance

BlockBeats News, January 29th, BitMine Chairman Tom Lee stated that major financial institutions are competing to launch their financial tokenization products on Ethereum, the latest being Fidelity's stablecoin FIDD, with Ethereum being the future of finance.

Today, Fidelity announced that it will launch the stablecoin FIDD on Ethereum, compliant with the US GENIUS regulatory standards. The stablecoin's reserve includes cash, cash equivalents, and short-term US government securities, supporting 24/7 institutional settlement and on-chain retail payments, with daily disclosure of issuance and reserves, and regular third-party audits.