TL;DR
- FIDD Launch: Fidelity is preparing to release its first stablecoin, the Fidelity Digital Dollar, offering a regulated onchain payment option backed by institutional‑grade security and issued through its national trust bank.
- Utility and Access: Customers will be able to buy or redeem FIDD for $1 across Fidelity platforms, transfer it on Ethereum, and access daily reserve disclosures as part of a full‑service stablecoin model supported by multiple Fidelity business units.
- Regulatory Context: Fidelity cites the GENIUS Act and expanding stablecoin demand as key drivers, positioning FIDD within a growing market exceeding $316 billion.
Fidelity Investments is preparing to enter the stablecoin arena with the rollout of its first digital dollar token, the Fidelity Digital Dollar, marking a major expansion of the firm’s long‑running digital asset strategy. The company said the new token, branded as FIDD, is designed to merge the stability of the U.S. dollar with the operational efficiency of blockchain infrastructure, offering both retail and institutional customers a regulated onchain payment option backed by Fidelity’s established security and custody standards.
Fidelity Steps Into Regulated Digital Dollar Infrastructure
According to the announcement, FIDD will be issued by Fidelity Digital Assets, National Association, and is expected to become available in the coming weeks. Fidelity said the token reflects more than a decade of internal research and development, positioning the firm to deliver onchain utility through a stable digital representation of the U.S. dollar. Mike O’Reilly, President of Fidelity Digital Assets, emphasized the company’s long‑held belief in the transformative potential of digital assets and highlighted the firm’s readiness to support a full‑service stablecoin model across multiple business units.
How FIDD Will Function Across Fidelity’s Ecosystem
Fidelity confirmed that reserve asset management for FIDD will be handled by Fidelity Management & Research Company LLC, leveraging its experience overseeing client portfolios. Customers will be able to purchase or redeem FIDD at a 1:1 rate for U.S. dollars through Fidelity Digital Assets, Fidelity Crypto, and Fidelity Crypto for Wealth Managers. The token will launch on Ethereum, be transferable to any mainnet address, and appear on major exchanges where listed. Fidelity also plans to publish daily disclosures on circulating supply and reserve net asset value.
Regulatory Clarity and Market Timing Drive the Launch
The firm cited the recent passage of the GENIUS Act as a key factor enabling its entry into the stablecoin market, noting that the legislation provides clearer federal guardrails for payment stablecoins. The broader market continues to expand, with total capitalization exceeding $316 billion, while global banks explore their own reserve‑backed digital payment assets. Fidelity said the timing aligns with rising demand for regulated digital dollars and growing institutional interest in blockchain‑based settlement.
A Milestone in Fidelity’s Digital Asset Strategy
Fidelity began building digital asset infrastructure in 2014 and formally launched Fidelity Digital Assets in 2019. After testing stablecoin concepts in early 2025, the firm is now moving forward with FIDD as part of its broader effort to modernize financial rails. The company said the launch aims to support customer choice and contribute to a more efficient financial system as stablecoins gain prominence across global markets.
