Fidelity Investments will expand its digital asset offerings with plans to launch its own U.S. dollar-pegged stablecoin, the Fidelity Digital Dollar (FIDD), the firm said in a press release.
The new token will be available to retail and institutional investors “in the coming weeks” and run on the Ethereum blockchain.
The stablecoin will be issued through Fidelity Digital Assets, the firm’s crypto-focused subsidiary.
“As a leading asset manager and a digital assets pioneer, Fidelity is uniquely positioned to provide investors with on-chain utility via a digital dollar," said Mike O’Reilly, President of Fidelity Digital Assets.
_Editor’s note: This is a developing story and will be updated. _
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Articoli correlati
ETH Liquidation Cascade: $1.166B Short Squeeze at $2,420; $827M Long Liquidations Below $2,197
Coinglass data suggest ETH breaking above $2,420 could trigger $1.166B in short liquidations across major centralized exchanges, while a drop below $2,197 could total $827M in long liquidations.
GateNews17m fa
USDT supply hits fresh $188b ATH as Tether tightens grip on stablecoins
Tether CEO Paolo Ardoino says USDT supply has hit a record $188b, cementing the stablecoin's dominance as broader stablecoin liquidity sits near all-time highs.
Summary
Tether CEO Paolo Ardoino says USDT supply has reached a record $188 billion.
The new peak comes weeks after stablecoins hit a
Cryptonews2h fa
ETH 8-Hour Average Funding Rate Turns Negative at -0.0016%
Summary: Ethereum funding rates are negative across major venues, with an 8-hour average of -0.0016%, indicating longs are paid by shorts; rates vary by platform, reflecting differing sentiment and leverage.
Abstract: This brief summarizes negative Ethereum funding rates across major exchanges, indicating short sellers pay long positions. It also notes platform-level variations, reflecting differing market sentiment and leverage across venues.
GateNews2h fa
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 21
Gate News message, according to the April 21 update, Bitcoin ETFs recorded a 1-day net inflow of 3,599 BTC (approximately $272.59 million) and a 7-day net inflow of 18,914 BTC (approximately $1.43 billion). Ethereum ETFs showed a 1-day net inflow of 34,380 ETH (approximately $79.25 million) and a 7-
GateNews2h fa
Charles Schwab to Launch Bitcoin and Ethereum Trading, Releases Educational Content on BTC
Charles Schwab plans to expand into crypto, offering Bitcoin education and direct BTC/ETH trading, allowing customers to buy Bitcoin in accounts; analysts call it a major mainstreaming moment.
Schwab announces an expansion into cryptocurrency with Bitcoin education and direct BTC/ETH trading, enabling clients to hold Bitcoin in their accounts; analysts view this as a turning point toward mainstream adoption.
GateNews3h fa
Newly Created Wallet Withdraws 35,000 ETH Worth $80.7M from Major CEX, Deposits into BitGo Custody
A newly created wallet withdrew 35,000 ETH (about $80.7M) from a major exchange within two hours, then transferred the full amount to a BitGo custody address.
Abstract: A new wallet moved 35,000 ETH (≈$80.7M) from a major exchange and deposited it into BitGo custody, per Lookonchain.
GateNews3h fa
