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Fidelity is launching its own stablecoin from The Verge - All Posts RSS feed.

Fidelity is launching its own stablecoin

Fidelity is launching a stablecoin that investors will be able to buy and sell for $1 when it arrives in the "coming weeks." The stablecoin, called Fidelity Digital Dollar (FIDD), will live on the Ethereum network and is backed by cash reserves, cash equivalents, and short-term US Treasuries, according to CoinDesk. A stablecoin is a […]