Key insight: Fidelity is preparing to issue its own dollar-backed stablecoin via ethereum in the coming weeks.Expert quote: "When a firm with Fidelity's distribution decides to mint and redeem dollars on a public chain, the market is telling you where treasury, settlement and capital markets' plumbing is heading." — Borderless CEO Kevin LehtiniittyForward look: Anticipate additional stablecoin issuances from financial institutions stemming from the GENIUS Act.Fidelity is preparing to launch its own stableco ...

Banks are not competing with stablecoins on speed alone. They are competing on legal certainty.A tokenized deposit sits on a regulated bank balance sheet. It remains subject to capital requirements, liquidity coverage rules, resolution regimes and — where applicable — deposit insurance. There is no ambiguity about seniority in insolvency. There is no reserve opacity problem. There is no new issuer risk to underwrite.Tokenized deposits do not introduce new money. They repackage existing deposits using distri ...

Fidelity Investments, one of the world’s largest asset managers, announced on Wednesday that it will launch a stablecoin on Ethereum. The token, called the Fidelity Digital Dollar (FIDD), is expected to become available on exchanges in the coming weeks for institutional and retail investors. The move highlights the growing entry of companies and financial institutions into the stablecoin sector, now valued at more than $316 billion. As competition intensifies, questions remain over which projects will achi ...

The stablecoin will launch on Ethereum — Source: CoinGape Fidelity launches Ethereum-based FIDD stablecoin for trading and on-chain payments. FIDD expands Fidelity’s regulated crypto offerings alongside its Bitcoin, Ethereum, and Solana ETFs. Fidelity Digital Assets will issue FIDD under federal oversight with fully backed reserves. Fidelity Investments, with up to $6 trillion in assets under management (AuM), plans to launch its stablecoin on the Ethereum network. This move marks the latest crypto ...

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 ...

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 ...

Fidelity Investments is launching its first stablecoin, the Fidelity Digital Dollar (FIDD), in early February, marking a major move by one of the largest traditional financial institutions into onchain finance. FIDD will be issued by Fidelity Digital Assets, a federally chartered national bank and subsidiary of Fidelity. The Ethereum-based stablecoin will be redeemable for $1 on Fidelity’s crypto trading platforms — Fidelity Digital Assets, Fidelity Crypto, and Fidelity Crypto for Wealth Managers — and wi ...

Fidelity Investments, one of the largest asset managers on the planet, announced on Wednesday it will launch its own stablecoin. Like other stablecoins, Fidelity’s token—known as the Fidelity Digital Dollar or FIDD—will be fully backed by reserves to ensure it maintains a one-to-one peg to the dollar. The company said FIDD will be available from Fidelity and on exchanges in the coming weeks, and that it will be available to both institutional and retail clients. “As general adoption in the digital assets ...