Fidelity Chooses Ethereum for Its First Stablecoin

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The post Fidelity Chooses Ethereum for Its First Stablecoin appeared first on Coinpedia Fintech News

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 …