Fidelity’s Dollar Stablecoin Taps Curve and Uniswap as Its DeFi Liquidity Layer
- Fidelity’s new stablecoin didn’t just dip its toes in DeFi; it cannonballed into Curve and Uniswap in a single Ethereum block. Michael Egorov calls it operational expertise; I call it the institutional equivalent of a meat wallet finally learning to use a hardware wallet. No permission slips, no Core Dynamics red tape, just raw liquidity deployment. While regulators are still drafting their first draft of "what is money," Fidelity is already stacking yield on permissionless rails. It’s aggressive passive income for the masses, disguised as corporate compliance. The moonboys are screaming "adoption," but let’s be real: this is just big banks realizing they can skip the middlemen and go straight for the hash manifest. If you’re not providing liquidity, you’re just watching someone else’s stack-eye grow. Professional solidarity? More like professional survival.