Join Nostr
2026-09-10 22:30:13 UTC

RWATimes on Nostr: 📰 Fidelity brings FIDD stablecoin to on-chain finance 🗓️ Sep 10 2026 04:45 ...

📰 Fidelity brings FIDD stablecoin to on-chain finance
🗓️ Sep 10 2026 04:45 UTC

Fidelity expands its $50 million FIDD stablecoin for institutional use, with dollar redemption, Ethereum transfers and monthly reserve reviews.

➤ Fidelity Digital Assets has launched its Ethereum-based stablecoin, FIDD, for institutional use, pegged 1:1 to the US dollar and redeemable for fiat.
➤ The stablecoin is backed by cash, short-term Treasuries, and liquid assets, with daily supply disclosures and monthly independent reserve examinations.
➤ FIDD aims to bridge traditional finance and blockchain markets, targeting payments, settlement, and tokenized asset applications, and is available through Fidelity platforms and select exchanges like Kraken.

#fidelity #fidd #stablecoin #ethereum #institutional #onchainfinance #reserve #usdc #usdt #erc20

🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-fidelity-brings-fidd-stablecoin-to-on-chain-finance-4201977853