Fidelity launches FIDD stablecoin to bridge traditional finance with blockchain payments.
U.S. stablecoin market is crowded, and competition rises from USDC, Tether, and PayPal.
Stablecoins offer revenue and efficiency, but regulatory uncertainty poses adoption risks.
Fidelity Investments is expanding its presence in digital assets with plans to introduce a U.S. dollar-backed stablecoin. The move signals a deeper commitment from one of the world’s largest asset managers as regulated digital dollars gain traction.
Fidelity manages more than $6 trillion in assets and now aims to bridge traditional finance with blockchain-based settlement systems. The company believes stablecoins will play a growing role in payments, trading, and liquidity management across financial markets. Consequently, the launch positions Fidelity to compete in a fast-evolving and increasingly…
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