Pools for the asset management firm’s stablecoin are now live on the decentralized exchange, marking a step deeper into onchain market infrastructure.
Fidelity has chosen Uniswap as the liquidity layer for its onchain stablecoin, with pools for the asset management firm’s token now live on the protocol. The move places the stablecoin on a decentralized exchange (crypto trading venue run by smart contracts) where users can swap against available liquidity pools, a common mechanism for improving trading access and onchain distribution. The development signals Fidelity’s use of public blockchain-based market infrastructure as stablecoin issuers increasingly rely on decentralized liquidity venues to broaden utility and reach.