Fidelity Selects Uniswap as Its Stablecoin Liquidity Layer; FIDD Pool Is Live

TechFlow reports that on June 12, according to official announcements, Fidelity—one of the world’s largest asset management firms—is advancing its stablecoin’s on-chain deployment and has selected Uniswap as its liquidity layer.

Earlier, Fidelity Digital Assets launched the stablecoin FIDD. Issued on Ethereum, FIDD is pegged 1:1 to the U.S. dollar and is available to both retail and institutional investors. Investors can purchase or redeem FIDD via the Fidelity Digital Assets, Fidelity Crypto, and Wealth Manager platforms.