1 link tagged with all of: cryptocurrency + blockchain + fidelity + stablecoin + genius-act
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Fidelity Investments is launching the Fidelity Digital Dollar (FIDD), a stablecoin based on Ethereum, to cater to both institutional and retail users. It will be backed by cash and U.S. Treasuries, adhering to the new GENIUS Act's reserve rules, and aims to facilitate 24/7 settlements and on-chain payments.
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