Asset manager Fidelity has issued a US dollar-denominated Stablecoin called Fidelity Digital Dollar (FIDD) onto the Ethereum blockchain The issuance follows the granting to Fidelity of a conditional trust bank licence by the Office of the Comptroller of the Currency (OCC) FIDD circumvents GENIUS Act restrictions on paying interest to Stablecoin holders by integrating FIDD with a tokenised money market fund Fidelity Investments has launched a US dollar-denominated Stablecoin,
BitGo, Fidelity and Stablecoin issuers Circle, Paxos and Ripple have secured national trust bank licences from the OCC The licences will enable the five firms to offer digital asset issuance, trading, staking, settlement and custody services throughout the United States The licence approvals mark a second change in policy direction at the OCC in the last five years The Office of the Comptroller of the Currency ( OCC ) in the United States has approved national trust bank lice
