Fidelity plans to launch Fidelity Digital Dollar (FIDD), a $1-stablecoin on Ethereum backed by cash reserves, cash equivalents, and short-term US Treasuries, with a coming-weeks launch.
Circle envisions an 'economic OS' for the internet built around USDC and GENIUS Act–driven regulation, highlighting USDC’s ~$78B market cap and Arc Network as foundational infrastructure amid regulatory changes and Tether’s GENIUS Act–compliant USAT plans.