📍Fidelity is preparing to launch its stablecoin FIDD on Ethereum

Fidelity Investments is in the process of preparing to issue its own stablecoin called FIDD (Fidelity Digital Dollar), deployed directly on Ethereum.

Some key points have been confirmed:

- FIDD is pegged 1:1 with USD, aimed at being used in Fidelity's digital finance ecosystem

- The issuing entity is Fidelity Digital Assets, through a licensed legal structure

- This stablecoin is designed to facilitate transactions, payments, and on-chain settlement, especially for institutional clients

- Ethereum has been chosen as the initial deployment infrastructure

This move brings Fidelity directly into the stablecoin game, alongside established names in the market such as USDT, USDC, PYUSD.