Fidelity Digital Dollar (FIDD) launches on Ethereum with $1 buy-and-redeem

Fidelity Investments launched its U.S. dollar-backed stablecoin, Fidelity Digital Dollar (FIDD), for retail and institutional users. Issued on Ethereum, FIDD can be bought or redeemed directly with Fidelity for $1 via its platforms, will trade on external exchanges where listed, and is transferable to any Ethereum mainnet address.