Fidelity is making ready to launch a dollar-backed stablecoin on Ethereum, underscoring how conventional finance is shifting deeper into onchain funds.
Posted January 29, 2026 at 7:13 am EST.
One in all Wall Road’s largest gamers is making its transfer into onchain cash.
Fidelity Investments is making ready to launch its personal U.S. greenback–backed stablecoin, the Fidelity Digital Dollar (FIDD), in the coming weeks. The token will run on Ethereum and be issued by means of Fidelity Digital Belongings, with reserves held in money, money equivalents, and short-term U.S. Treasuries.
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The launch follows the passage of the GENIUS Act, which gave stablecoin issuers a transparent regulatory framework in the U.S. Fidelity says that readability made this the proper second to deliver a product to market. FIDD is designed for 24/7 settlement, onchain funds, and institutional transfers, and will likely be accessible to each retail and institutional shoppers.
The importance of the transfer wasn’t misplaced on observers. As NovaDius Wealth Administration President Nate Geraci put it: “Fidelity Digital Dollar. Driving on Ethereum. For those who don’t see the place that is all heading, unsure what to inform you at this level.”
Fidelity is coming into a crowded market dominated by USDC and USDT, however its arrival reinforces a broader shift. Stablecoins are now not only a crypto-native product. They’re changing into core monetary infrastructure, and conventional asset managers now desire a seat at the desk.
