Create me tags for this12:37 PMFidelity Digital Dollar

Why Is Fidelity Launching Its Own Stablecoin After 10 Years in Crypto?

The Fidelity Digital Dollar (FIDD) is a new stablecoin from Fidelity Investments that maintains a 1:1 peg with the U.S. dollar and runs on Ethereum. Retail and institutional investors can buy or redeem FIDD tokens at exactly $1 through Fidelity's crypto platforms, competing directly with existing stablecoins like USDC and USDT.

by Darlene Lleno