#FidelityStablecoin Fidelity offers a range of cryptocurrency services, but it doesn't have its own stablecoin. However, Fidelity does provide information and resources on stablecoins, including their types, uses, and risks.
There are four main types of stablecoins:
- *Fiat-Backed Stablecoins*: Pegged to traditional fiat currencies, like the US dollar.
- *Commodity-Backed Stablecoins*: Pegged to commodities, typically gold.
- *Crypto-Backed Stablecoins*: Pegged to other cryptocurrencies.
- *Algorithmic Stablecoins*: Uncollateralized, relying on computer algorithms to maintain their peg.
Fidelity provides educational resources on stablecoins and cryptocurrency through its "Decode Crypto" series and "Covering Crypto" livestreams ¹ ².