Catenaa, Sunday, February 08, 2026- Fidelity Investments has launched its U.S. dollar-backed stablecoin, Fidelity Digital Dollar (FIDD), making it available to both retail and institutional investors across its platforms.
FIDD is issued by Fidelity Digital Assets, National Association, on the Ethereum blockchain. Investors can purchase or redeem the stablecoin directly with Fidelity at a fixed $1 value through Fidelity Digital Assets, Fidelity Crypto, and Fidelity Crypto for Wealth Managers.
The stablecoin will also trade on external exchanges and can be transferred to any Ethereum mainnet address. Reserve assets backing FIDD are managed by Fidelity Management & Research.
The launch follows the passage of the GENIUS Act, which established a federal framework for stablecoins and provided clearer regulatory guidelines for traditional financial institutions issuing digital dollars.
Fidelity has been preparing for a stablecoin offering since last year, expanding beyond crypto investment products into onchain financial instruments.
Fidelity’s stablecoin initiative comes amid growing competition in the market, as banks, fintech firms, and payments companies explore stablecoins for faster, lower-cost payments and tokenized financial products.
The firm has also been building digital asset infrastructure for custody and institutional bitcoin exposure.
Fidelity highlighted that FIDD represents a continuation of its multi-year strategy to integrate digital assets into traditional financial services, emphasizing the potential for stablecoins to enhance payments and financial efficiency for clients.
