Fidelity launches FIDD on Ethereum—can this boost Ethereum’s price?

According to a report by Bijie Network: Fidelity, which manages $5.9 trillion in assets, will launch its stablecoin FIDD on Ethereum, leveraging Ethereum's 56% stablecoin market share and its 60% dominance in the RWA sector's total value locked (TVL). This move is expected to boost on-chain liquidity and push Ethereum's daily transaction volume close to the historical high of 2.8 million transactions. Meanwhile, large-scale whale purchases and a record amount of staked ETH (currently 36.5 million ETH, accounting for more than 30% of total supply) indicate strong fundamentals for Ethereum. However, with rising transaction fees, there may also be a potential supply crunch.