Fidelity Investments announced the launch of Fidelity Digital Dollar (FIDD), the first USD Peg stablecoin from the conglomerate managing $17.5 trillion in assets.
Fidelity Investments, one of the world's largest asset management firms, has officially entered the stablecoin market with the launch of Fidelity Digital Dollar (FIDD). This move marks a new step in the firm's crypto asset strategy, after more than a decade in the field.
FIDD will be launched on the Ethereum network by Fidelity Digital Assets, National Association, with reserves fully backed by USD. This stablecoin is designed to serve both individual and institutional investors, enabling trading through Fidelity's three main platforms: Digital Assets, Fidelity Crypto, and Fidelity Crypto for Wealth Managers. Customers are expected to have access to this product in the coming weeks.
Transparency and Compliance Strategy
To ensure transparency, Fidelity is committed to disclosing information on Token Issuance, circulating supply, and net asset value daily at the end of each trading session. Reserve management will be handled by Fidelity Management & Research Company LLC, leveraging the group's traditional asset management expertise.
According to Mike O'Reilly, President of Fidelity Digital Assets, FIDD is positioned as an on-chain digital USD, combining the advantages of blockchain technology with the reliability of a traditional asset management model. He also revealed plans to list this stablecoin on leading cryptocurrency exchanges to increase liquidation and accessibility.
The launch of FIDD coincided with the period when the US was finalizing the legal framework for stablecoin payments. The passage of the GENIUS Act established clear regulatory guidelines for the issuance of fiat-backed digital currencies. This move facilitated the deployment of stablecoin products by large financial institutions like Fidelity, similar to how Tether recently introduced USAT to the US market in compliance with the federal regulatory framework.
With over $17.5 trillion in assets under management as of the end of September 2025 and experience in the cryptocurrency sector since 2014, Fidelity is expected to bring stability and credibility to the rapidly growing stablecoin market.
