Fidelity Investments has just announced that it is launching a stablecoin called Fidelity Digital Dollar.
announcement
Fidelity Digital Dollar (FIDD) will offer investors a full-service stablecoin model, including:
- Reserve asset management, conducted by Fidelity Management & Research Company LLC, and leveraging Fidelity's longstanding asset management expertise.
- Purchase and redemption options that will permit customers to buy or sell FIDD for $1 on the Fidelity Digital Assets®, Fidelity Crypto®, and Fidelity Crypto® for Wealth Managers platforms. FIDD will also be available for purchase on major exchanges where FIDD is listed, and holders may transfer FIDD to any Ethereum mainnet address.
- Coin issuance, including FIDD's circulating supply and reserve net asset value, will be disclosed as of the close of every business day on https://www.fidelity.com/.
- Todor
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Todor Kostov
Director
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