Fidelity enters stablecoin market with launch of FIDD backed 1:1 to U.S. dollar

Fidelity is launching a stablecoin. The token, called FIDD, stands for Fidelity Digital Dollar and will be backed 1:1 with U. S. dollars and short-term treasuries. It’s being issued by Fidelity Digital Assets, National Association, which got conditional approval from the Office of the Comptroller of the Currency in December. The company says both retail and […] source: https://www.cryptopolitan.com/fidelity-stablecoin-fidd-backed-by-us-dollar/