Fidelity will launch FIDD, a stablecoin compliant with the GENIUS standard, on Ethereum.

According to Bloomberg, Fidelity will launch FIDD, a stablecoin compliant with the GENIUS standard, on Ethereum. The Fidelity Digital Dollar (FIDD) will be issued by the Fidelity Digital Assets National Association, a national trust bank that received a conditional operating license from the Office of the Comptroller of the Currency last December.