Fidelity Investments announced on Jan. 28 the launch of its first stablecoin, the Fidelity Digital Dollar (FIDD). The move positions the asset management giant as one of the first major traditional financial institutions to issue a dollar-backed token under the GENIUS Act, the federal stablecoin law signed in July 2025. FIDD will be issued by Fidelity Digital Assets, National Association, a federally chartered national trust bank, and will operate on the Ethereum blockchain with each token redeemable for ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- Fidelity Investments is launching its own stablecoin, joining a slew of companies across startups and financial institutions with similar intentions. The Fidelity Digital Dollar, or FIDD, will be issued by Fidelity Digital Assets, National Association, a national trust bank that received conditional approval to operate from the US Office of the Comptroller of the Currency in Decem ...

Fidelity Investments will expand its digital asset offerings with plans to launch its own U.S. dollar-pegged stablecoin, the Fidelity Digital Dollar (FIDD), the firm said in a press release. The new token will be available to retail and institutional investors "in the coming weeks" and run on the Ethereum blockchain. The stablecoin will be issued through Fidelity Digital Assets, the firm's crypto-focused subsidiary and be fully backed by U.S. dollars and high-quality cash equivalents. “As a leading ass ...

RT James Hunt (@humanjets)ICYMI: Here's a quick news recap from today's Asia & EMEA sessions @TheBlock__ 👇🏅 Tether CEO Paolo Ardoino said the stablecoin giant is on track to become one of the largest gold central banks in the world and plans to actively trade its reserves, Bloomberg reported.📜 A South Dakota lawmaker has introduced a bill that seeks to allow the state to invest a portion of its public funds in bitcoin, reviving efforts that failed to materialize in the state legislature last year.🤖 Ethereum ...

Fidelity Investments is preparing to enter the stablecoin market with the upcoming launch of its first digital dollar token, Fidelity Digital Dollar (FIDD). In an announcement on Wednesday, Fidelity, one of the world’s largest asset managers, said it is entering into regulated on-chain payments and blockchain-based financial infrastructure. The stablecoin will be issued by Fidelity Digital Assets, National Association, and is expected to be available to both retail and institutional investors in the com ...

LATEST: Fidelity Investments set to launch its first stablecoin on Ethereum, backed by cash and U.S. Treasuries. https://t.co/QZKuJ47Di0 ...

🚨 JUST IN: $5.9T Fidelity Investments is launching its own stablecoin. https://t.co/8lbAeLBhnI ...

Fidelity Investments is launching its own stablecoin, joining a slew of companies across startups and financial institutions with similar intentions https://t.co/OKqUh1Dl3b ...

Fidelity Investments announced the launch of the FIDD stablecoin, based on Ethereum; the issuer is Fidelity Digital Assets; reserves consist of cash, cash equivalents, and short-term U.S. Treasuries, compliant with the GENIUS Act; supports 24/7 institutional settlement and on-chain retail payments; 1:1 USD redemption on Fidelity platforms; daily disclosure of issuance volume and reserves, with regular third-party audits. https://t.co/AVvDnJ90Fr ...

‼️NEW: FIDELITY INVESTMENTS SET TO LAUNCH STABLECOINFidelity Investments, the $ 6 trillion asset manager, is set to launch its first stablecoin, the Fidelity Digital Dollar (FIDD).The asset, planned to debut on the Ethereum blockchain, will be backed by reserves in cash, cash equivalents, and short-term U.S. Treasuries managed by Fidelity.Furthermore, it will align with the new federal GENIUS Act standards for payment stablecoins. ...