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Fidelity Chooses Ethereum for Its First Stablecoin
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Ethereum has been selected by Fidelity as the blockchain for its first stablecoin, Fidelity Digital Dollar (FIDD). Issued by Fidelity Digital Assets, an OCC-chartered national trust bank, the stablecoin marks the firm’s expansion into on-chain financial services. Fidelity serves more than 50 million investors, oversees $17.9 trillion in assets under administration, and processes 5.5 million average daily trades. The launch adds another major financial institution building its digital asset strategy on the Ethereum network.
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