Fidelity Announces FIDD Stablecoin

Fidelity Investments is entering the stablecoin market with the Fidelity Digital Dollar (FIDD), a USD-pegged asset issued on Ethereum mainnet to capitalize on a $300 billion market and new regulatory clarity. Simultaneously, Robinhood is advancing equity tokenization by planning 24/7 trading and instant on-chain settlement for over 2,000 U.S. equities, aiming to prevent the market disruptions seen during the 2021 GameStop trading halt. Technical advancements in the Ethereum ecosystem include a roadmap from the Privacy Stewards of Ethereum team to enable client-side GPU acceleration for zero-knowledge proofs on mobile devices, ensuring user privacy by moving proof generation away from centralized servers. Additionally, Uniswap is integrating continuous clearing auctions into its web app to streamline token launches and liquidity bootstrapping on Uniswap v4, beginning with the Rainbow token launch on February 2nd.