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Fidelity Bets on Blockchain Future With FIDD Stablecoin Launch
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CoinLaw
Key TakeawaysFidelity will launch its first stablecoin, the Fidelity Digital Dollar (FIDD), in early February, with support for both institutional and retail users.
Fidelity Investments, one of the largest and most established asset managers in the world, has announced the upcoming launch of its first stablecoin, the Fidelity Digital Dollar (FIDD).
Customers will be able to purchase and redeem FIDD directly at a 1:1 exchange rate through Fidelity’s platforms including Fidelity Digital Assets, Fidelity Crypto, and Fidelity Crypto for Wealth Managers.
Built on Years of Blockchain ExpertiseFidelity’s foray into stablecoins builds on over a decade of research and development in digital assets.
CoinLaw’s TakeawayIn my experience covering the evolution of blockchain and finance, Fidelity’s entry into the stablecoin space is a landmark moment.