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Fidelity Launches FIDD Stablecoin on Ethereum

FIDD is now available to retail and institutional investors across Fidelity's platforms.
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Feb 4, 2026 • 1 min read

The Fidelity Digital Dollar (FIDD) – a GENIUS Act compliant, 1:1 reserved stablecoin announced last week by stock brokerage Fidelity Investments – is now accessible to retail and institutional clients across Fidelity's investment platforms, and third-party exchange where it is listed.

What's the Scoop?

  • Built on Ethereum: Fidelity's Digital Dollar is issued on the Ethereum blockchain by the brokerage's burgeoning digital asset group. Cash management is performed by Fidelity's established asset management division, which manages over $900B in total money market asset.
  • Blockchain Capabilities: Fidelity clients can buy or sell FIDD for $1 on the Fidelity Digital Assets platform and through Fidelity Crypto. The stablecoin, which held a market capitalization of ~$60M at the time of analysis, can also be withdrawn to the Ethereum blockchain and traded on crypto-native exchanges, including CEXs like Kraken and DEXs like Uniswap.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.