In accordance with the Law of Genius, Fidelity will launch its own stablecoin, the Fidelity Digital Dollar (FIDD), on the Ethereum (ETH) network. Continue ReadingIn accordance with the Law of Genius, Fidelity will launch its own stablecoin, the Fidelity Digital Dollar (FIDD), on the Ethereum (ETH) network. Continue Reading

Fidelity Joins the Race! The Giant Name Announces It Will Launch Its Own Stablecoin, Revealing Its Chosen Altcoin!

2026/01/28 21:52
2 min di lettura
Per feedback o dubbi su questo contenuto, contattateci all'indirizzo [email protected].

According to Bloomberg, Fidelity Investments is preparing to launch a US dollar-based stablecoin within a few weeks.

According to the announcement, Fidelity Digital Dollar (FIDD) will be launched in accordance with the standards of the new GENIUS Act regarding stablecoins for payment purposes.

Furthermore, FIDD will be launched by Fidelity Digital Assets, a federally mandated national bank and a subsidiary of Fidelity.

FIDD will be backed by cash reserves, cash equivalents, and short-term U.S. Treasury bonds managed by Fidelity.

Fidelity’s GENIUS-compatible stablecoin, FIDD, will initially launch on Ethereum (ETH). However, Fidelity has indicated that it may consider expanding to additional blockchains or layer-2 networks in the future.

Mike O’Reilly, President of Fidelity Digital Assets, said, “This is the next step in the evolution of our digital asset platform. The ability to offer a fiat-backed stablecoin naturally aligns with our customers’ demands, particularly for low-cost payments and exchange transactions.”

This stablecoin targets use cases such as 24/7 enterprise payment processing and off-chain retail payments, putting Fidelity in direct competition with dominant issuers like Circle’s USDC and Tether’s USDT.

*This is not investment advice.

Continue Reading: Fidelity Joins the Race! The Giant Name Announces It Will Launch Its Own Stablecoin, Revealing Its Chosen Altcoin!

Disclaimer: gli articoli ripubblicati su questo sito provengono da piattaforme pubbliche e sono forniti esclusivamente a scopo informativo. Non riflettono necessariamente le opinioni di MEXC. Tutti i diritti rimangono agli autori originali. Se ritieni che un contenuto violi i diritti di terze parti, contatta [email protected] per la rimozione. MEXC non fornisce alcuna garanzia in merito all'accuratezza, completezza o tempestività del contenuto e non è responsabile per eventuali azioni intraprese sulla base delle informazioni fornite. Il contenuto non costituisce consulenza finanziaria, legale o professionale di altro tipo, né deve essere considerato una raccomandazione o un'approvazione da parte di MEXC.

Potrebbe anche piacerti

President Trump’s Critical Talks With 7 Nations Revealed

President Trump’s Critical Talks With 7 Nations Revealed

The post President Trump’s Critical Talks With 7 Nations Revealed appeared on BitcoinEthereumNews.com. Strait Of Hormuz Crisis: President Trump’s Critical Talks
Condividi
BitcoinEthereumNews2026/03/16 11:25
Fed rate decision September 2025

Fed rate decision September 2025

The post Fed rate decision September 2025 appeared on BitcoinEthereumNews.com. WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11-to-1 vote signaling less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4.00%-4.25%. Newly-installed Governor Stephen Miran was the only policymaker voting against the quarter-point move, instead advocating for a half-point cut. Governors Michelle Bowman and Christopher Waller, looked at for possible additional dissents, both voted for the 25-basis point reduction. All were appointed by President Donald Trump, who has badgered the Fed all summer to cut not merely in its traditional quarter-point moves but to lower the fed funds rate quickly and aggressively. In the post-meeting statement, the committee again characterized economic activity as having “moderated” but added language saying that “job gains have slowed” and noted that inflation “has moved up and remains somewhat elevated.” Lower job growth and higher inflation are in conflict with the Fed’s twin goals of stable prices and full employment.  “Uncertainty about the economic outlook remains elevated” the Fed statement said. “The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment have risen.” Markets showed mixed reaction to the developments, with the Dow Jones Industrial Average up more than 300 points but the S&P 500 and Nasdaq Composite posting losses. Treasury yields were modestly lower. At his post-meeting news conference, Fed Chair Jerome Powell echoed the concerns about the labor market. “The marked slowing in both the supply of and demand for workers is unusual in this less dynamic…
Condividi
BitcoinEthereumNews2025/09/18 02:44
TSMC taps AI for energy-efficient chips as Qualcomm targets enterprise PCs

TSMC taps AI for energy-efficient chips as Qualcomm targets enterprise PCs

The post TSMC taps AI for energy-efficient chips as Qualcomm targets enterprise PCs appeared on BitcoinEthereumNews.com. TSMC rolled out a new AI-based chip design method on Wednesday in Silicon Valley, aiming to cut the power demands of AI chips by up to tenfold. The company, which manufactures chips for Nvidia and other tech giants, says this change is necessary as current systems burn too much electricity. At full load, Nvidia’s AI servers can use up to 1,200 watts, the same as keeping 1,000 U.S. homes running non-stop. That kind of energy drain isn’t sustainable, and TSMC is reportedly trying to fix it with smarter design. The approach revolves around building chips with smaller pieces called chiplets, each made with different tech, all packaged into one. But it’s not just about throwing pieces together. These new packages are being designed by AI software from firms like Cadence Design Systems and Synopsys, not by engineers alone. Cadence and Synopsys beat engineers on speed and accuracy Jim Chang, deputy director at TSMC’s 3DIC Methodology Group, showed off the results. Using Cadence and Synopsys software, chip designs that once took two days of human effort were finished by AI in five minutes. “That helps to max out TSMC technology’s capability, and we find this is very useful,” Jim said during his talk. The company sees this speed boost as key to getting more efficient chips to market faster. But not every problem can be solved with smarter code.Kaushik Veeraraghavan, an engineer at Meta’s infrastructure division, said during his keynote that the current chip manufacturing model is hitting physical walls.Moving data in and out of chips with traditional wires is slowing things down. Switching to optical connections could fix that, but right now, they’re still too unreliable for large data centers. “Really, this is not an engineering problem,” Kaushik said. “It’s a fundamental physical problem.” At the same event, Qualcomm launched…
Condividi
BitcoinEthereumNews2025/09/25 11:46