Fidelity Investments is set to introduce its own stablecoin, known as the Fidelity Digital Dollar (FIDD), signifying a transformative moment for the cryptocurrency landscape. Designed to maintain a one-to-one peg with the US dollar, FIDD will be backed by cash and secure short-term US Treasury bonds.
Continue Reading:Fidelity’s Digital Dollar Seeks to Make Waves
Source: https://en.bitcoinhaber.net/fidelitys-digital-dollar-seeks-to-make-waves