The token will also be accessible on major exchanges where FIDD is listed, and holders will be able to transfer it to any Ethereum mainnet address.
Fidelity Investments has announced that it is preparing to introduce its first stablecoin, the Fidelity Digital Dollar (FIDD). The token will be issued by Fidelity Digital Assets, National Association, and is expected to be made available to both retail and institutional investors in the coming weeks. The reserve assets will be managed by Fidelity Management & Research Company LLC The firm stated that FIDD is intended to function as a stable digital doll