- On Wednesday, Fidelity Digital Assets’ head shared a closer look at its USD-pegged stablecoin, FIDD, which is developed on Ethereum.
- Amid the boom in the stablecoin market, Fidelity will integrate FIDD into its existing financial infrastructure for both retail and institutional users.
- In order to curb the dominance of USD-pegged stablecoins, a group of 37 European banks is coming together to launch a Euro-pegged stablecoin in the second half of 2026.
On May 20, Fidelity Digital Assets’ Head of Product Strategy, Terrence Dempsey, shared a closer look at its dollar-backed stablecoin called Fidelity Digital Dollar (FIDD) amid the constant growth in the stablecoin market.
What is FIDD?
According to the official announcement, FIDD is a dollar-pegged stablecoin that maintains its peg with the dollar. This stablecoin will be i...
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