[DigitalToday reporter Chi-gyu Hwang] Fidelity, one of the world’s largest asset managers, has chosen Uniswap as the liquidity infrastructure for its stablecoin, Fidelity Digital Dollar (FIDD).
According to Uniswap, the FIDD liquidity pool has already been created on the Uniswap protocol.
Uniswap has burned about 6 million UNI tokens across several chains since December last year. That is worth about $21 million, and the annualised burn amount stands at $46 million.
By chain, Ethereum, Base and the BNB Chain rank near the top in daily UNI burn volume.
Fidelity entered the stablecoin market in earnest in February with FIDD. FIDD is designed based on the U.S. federal GENIUS Act and supports regulations such as reserve holdings, issuer oversight and consumer protection.
Mike O'Reilly (마이크 오라일리), president of Fidelity Digital Assets, said stablecoins will become central to real-time payment and settlement services. He said the advantages of 24-hour availability and real-time settlement will accelerate innovation in financial infrastructure.
Chi-gyu Hwang
delight@d-today.co.kr