📣 $6 trillion asset-backed giant stablecoin market is entering
Fidelity Investments — one of the largest asset managers in the world ($6+ trillion), has been working with cryptocurrency since 2014.
• Fidelity Digital Dollar (FIDD) stablecoin has been launched on the Ethereum blockchain. Each FIDD = $1
• Fidelity clients can buy and sell FIDD for dollars on the company platform
• Fidelity controls the entire process: minting coins, storing them, and managing dollar reserves
• The company relies on its reputation: strict oversight, transparency, and 70+ years of experience in the financial sector
A traditional financial giant launches a competitor to USDT and USDC. Many institutional investors trust Fidelity more than existing stablecoin issuers. We will see the results)
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