Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Fidelity's stablecoin FIDD goes live for retail and institutional investors

Fidelity's stablecoin FIDD goes live for retail and institutional investors

The BlockThe Block2026/02/04 15:45
By:The Block

Fidelity Investments has launched its U.S. dollar-backed stablecoin, Fidelity Digital Dollar (FIDD), making it available to both retail and institutional investors after previously saying it would go live in the coming weeks.

FIDD is issued by Fidelity Digital Assets, National Association, on Ethereum, and can now be purchased or redeemed directly with Fidelity for $1 across the Fidelity Digital Assets, Fidelity Crypto, and Fidelity Crypto for Wealth Managers platforms. Fidelity said the stablecoin will also trade on external crypto exchanges where it is listed, and holders can transfer FIDD to any Ethereum mainnet address. Reserve assets backing FIDD are managed by Fidelity Management & Research.

The launch follows growing regulatory clarity around stablecoins in the U.S. The passage of the GENIUS Act last summer established a federal framework for stablecoins, reducing legal uncertainty for traditional financial institutions considering issuance.

"The recent passage of the GENIUS Act was a significant milestone for the industry in providing clear regulatory guardrails for payment stablecoins," Mike O'Reilly, president of Fidelity Digital Assets, said in a statement.

Fidelity had been exploring a stablecoin offering since last year, and the rollout marks a further step in its expansion beyond crypto investment products into issuing onchain financial instruments. The firm has been building digital asset infrastructure, including for custody, for years, and was among the first traditional asset managers to offer institutional bitcoin exposure.

Fidelity's move comes as competition in the stablecoin market accelerates. Payments firms, banks, and fintech companies are increasingly positioning stablecoins as a faster and cheaper alternative to traditional payment rails, while also exploring and launching tokenized real-world assets and other blockchain-based financial products.

"At Fidelity, we have a long-standing belief in the transformative power of the digital assets ecosystem and have spent years researching and advocating for the benefits of stablecoins," O'Reilly said.


0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

U.S. IPO Preview | WODO.US Races to Nasdaq: Integrated Logistics Accounts for Nearly 96%, Yet Revenue Drops 17.9%

Waldtong primarily provides cross-border logistics solutions for clients by integrating resources such as aviation, maritime transport, customs clearance, warehousing, and overseas last-mile delivery.

智通财经2026/09/22 03:17

US Stock New Listing Analysis | Jingrui Wangpu: Raised About $37.5 Million; Can the Dual Model of "Retail Store + Wholesale" Support the Valuation?

Small and medium-sized retailers find alternative ways to break through.

智通财经2026/09/22 03:16

Blackstone: We Are at the "Dawn of 1870," Seize the "Meat" of the AI Era

Blackstone President Jon Gray refuted the notion of an “AI trillion-dollar investment bubble” in his latest closed-door speech. He noted that large models and AI company revenues are exhibiting explosive growth by hundreds of times, and macro productivity has already surged. He likened the current AI wave to "the dawn of the Industrial Revolution in 1870," emphasizing that demand far exceeds supply. He stated that the true investment focus lies in addressing real-world “hard shortages,” specifically by heavily investing in chips, data centers, and power infrastructure, all of which face extremely high capital and capacity barriers.

华尔街见闻2026/09/22 02:46

Boosted by Muse, Nasdaq’s “quiet surge” raises doubts about a return to AI trading; next week’s Micron earnings become the focal point

The explosive growth of Meta's AI agent Muse shows that artificial intelligence is evolving from "chatting" to "getting things done": continuously running, data-orchestrating agents will extend computing power demand from GPUs to CPUs, boosting Arm, Intel, and AMD. Goldman Sachs commented that the strong rebound in the Nasdaq resembles a "quiet rally" driven by tech giants and options; institutions recognize the fundamentals of AI, but are concerned about valuations rising too quickly and divergences between interest rates and the credit market, waiting for Micron's earnings to verify whether the AI trade can be sustained.

华尔街见闻2026/09/22 02:46
Boosted by Muse, Nasdaq’s “quiet surge” raises doubts about a return to AI trading; next week’s Micron earnings become the focal point