Tom Lee: Ethereum is the future of finance

Jinse Finance reported that BitMine Chairman Tom Lee stated that major financial institutions are competing to launch their financial tokenization products on Ethereum, with the latest being Fidelity's stablecoin FIDD. He said that Ethereum is the future of finance. Fidelity previously announced that it would launch the FIDD stablecoin on Ethereum, which complies with U.S. GENIUS regulatory standards. The reserves of this stablecoin include cash, cash equivalents, and short-term U.S. Treasury bonds. It supports 24/7 institutional settlement and on-chain retail payments, discloses issuance volume and reserves daily, and undergoes regular third-party audits.