Fidelity Launches FIDD Stablecoin on Ethereum, Targets Retail and Institutional Users

Published at 2026-01-28 13:45:11

Fidelity announced the launch of the FIDD token, a stablecoin that will operate on Ethereum and be accessible to both institutional and retail participants. The move represents a significant step for the asset manager into blockchain-native payments and custody, pairing a familiar financial brand with a widely used smart-contract platform.

FIDD is being issued under the framework of the GENIUS Act and will adhere to the law’s new reserve requirements, a design choice meant to boost transparency and confidence among users. That regulatory alignment could make FIDD attractive for corporate treasuries, exchanges, and retail onramps, and signals a broader banking-industry bet that regulated stablecoins will be central to mainstream crypto payments and liquidity infrastructure.

FidelityStablecoinRegulationEthereumGENIUS Act

Share on:

Circle’s CEO defended the company’s authority to freeze USDC after the $270 million Drift Protocol exploit and urged faster legal frameworks to enable rapid, lawful responses to crypto hacks.

DriftUSDCRegulationStablecoin

Published at 2026-04-10 12:45:08

Russia to Ban Cash-for-Crypto Trades, Require Bank-Mediated Transactions

Russia will prohibit cash-for-crypto transactions and require trades to go through cashless, bank-mediated channels, a senior central bank official said. The measure is meant to increase oversight of crypto-related flows and clamp down on informal peer-to-peer markets.

CryptoCentral BankRussiaRegulationComplianceBanking

Published at 2026-04-10 11:30:09

Aethir Stops Bridge Exploit, Vows Compensation After Under $90K Loss

Aethir says it halted a bridge exploit on its Ethereum-linked contracts, keeping losses below $90,000. Security firm PeckShield had earlier estimated the damage at about $400,000; Aethir pledged to compensate affected users.

BridgeEthereumSecurityPeckShieldAethirATH

Published at 2026-04-10 11:15:12

Kraken's Federal Reserve master account raises U.S. financial risk concerns

Kraken has secured a master account with the Federal Reserve, but the risk-mitigation conditions tied to the account — and similar approvals that may follow — could introduce new vulnerabilities in the U.S. financial system.

RegulationKrakenFederal ReserveFinancial StabilityCrypto Exchanges

Published at 2026-04-10 10:15:08

HSBC, Standard Chartered Secure Hong Kong's First Stablecoin Licenses

The Hong Kong Monetary Authority has granted HSBC and Standard Chartered Group the first licenses under the territory’s Stablecoins Ordinance, which took effect in August 2025. The approvals mark a regulatory milestone that could accelerate bank-led stablecoin activity in the region.