Fidelity Launches Stablecoin Pegged to U.S. Dollar

Fidelity Investments has introduced the Fidelity Digital Dollar (FIDD), a stablecoin pegged 1:1 to the U.S. dollar, in compliance with the GENIUS Act. According to NS3.AI, the stablecoin is accessible to both retail and institutional clients through Fidelity's platforms and third-party exchanges where it is listed. This initiative signifies Fidelity's entry into the stablecoin market, utilizing the Ethereum blockchain.