Fidelity Unveils Fidelity Digital Dollar (FIDD) to Rival Ripple’s USD Token

Published at 2026-01-28 14:30:17

Fidelity announced Wednesday that it plans to roll out the Fidelity Digital Dollar (FIDD), a token intended as a dollar-pegged digital asset and direct competitor to Ripple’s USD token (RLUSD). The firm presented FIDD as a product for digital payments and institutional use, signaling a push by a traditional asset manager into tokenized fiat offerings.

The launch adds fresh competition to the market for tokenized dollars, which could expand on-ramps and liquidity but also draw closer regulatory and interoperability scrutiny. Market participants will be watching how Fidelity structures custody, distribution, and underlying rails, and whether FIDD changes trading dynamics for existing tokens like RLUSD. Fidelity did not specify a firm rollout timeline in the announcement.

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Russian authorities are considering legalizing payments with fiat‑pegged stablecoins while moving to prohibit traditional cryptocurrencies for payment use. Stablecoin transactions could be governed by a dedicated legal framework to follow broader crypto legislation.

RegulationRussiaStablecoinCryptocurrencyPayments

Published at 2026-03-04 11:01:08

ARQ Raises $70M from Sequoia and Founders Fund to Expand Stablecoin Finance

ARQ — formerly DolarApp — has closed a $70 million funding round led by Sequoia and Founders Fund to scale stablecoin-based wealth management and credit services across Latin America.

InvestmentSequoiaLatin AmericaStablecoinFintechFounders Fund

Published at 2026-03-04 07:15:10

New Housing Bill Would Block Fed From Issuing Consumer CBDC Until 2030

A clause in a U.S. housing bill would bar the Federal Reserve from offering a consumer-facing digital dollar until 2030, delaying any retail CBDC rollout. The measure represents a legislative rebuke to CBDC proponents and could reshape the policy timetable.

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Published at 2026-03-04 00:00:52

SoFiUSD Comes to Mastercard Network for Stablecoin Settlements

SoFi and Mastercard will support settlement in SoFiUSD across Mastercard’s global payments network, marking a move to integrate regulated U.S. dollar stablecoins into mainstream card infrastructure. The integration aims to speed settlement and expand on‑ramp/off‑ramp options for merchants and payment providers.

SoFiPaymentsRegulationMastercardStablecoin

Published at 2026-03-03 18:15:27

Ripple Overhauls Payments Platform to Bridge Banks and Digital Assets

Ripple announced a major revamp of its Ripple Payments platform to become a unified business service that bridges traditional finance and digital assets, building on capabilities from its Palisade and Rail acquisitions. The move signals a push to win more bank adoption for XRP-linked payments.