Fidelity Drops “Prediction Markets-Sized” Move: FIDD Stablecoin Hits Ethereum With 1:1 USD Backing
Key Takeaways:Fidelity Introduces Ethereum-Based Digital DollarFull-Service Stablecoin Model Built Around Traditional FinanceOperational Controls and Risk Management
Fidelity has it with its firm risk management in stablecoin operations. They highlight processes internal to them that concentrate on asset protection, operational management and maintenance of high-quality security and attempt to reduce counterparty and liquidity risks associated with digital dollar tokens.
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