Fidelity Investments, one of the world’s largest asset managers, is preparing to launch its first stablecoin, marking another step in the steady migration of digital tokens from the fringes of crypto markets into mainstream finance.
The launch is expected in the coming weeks, according to a statement by the firm.
Across retail brokerage, stablecoins have been gaining ground as firms add them to their payment stacks for deposits and withdrawals.
Fidelity's Coin - Bridging the Gap Between TradFi and Crypto
The token, to be known as the Fidelity Digital Dollar (FIDD), will be issued by Fidelity Digital Assets, National Association, a national trust bank. It will be available to both retail and institutional investors.
“We have a long-standing belief in the transformative power of the digital-assets ecosystem,” said Mike O’Reilly, President of Fidelity Digital Assets, adding that the firm has spent years researching and advocating the benefits of stablecoins.
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Stablecoins run on blockchain infrastructure and are typically backed by cash or short-dated government securities. Unlike volatile cryptocurrencies such as Bitcoin, their value is designed to remain stable, most commonly pegged to the US dollar.
The largest of them, Tether, has long dominated the market but has also attracted sustained scrutiny over the quality and liquidity of its reserves.
Those concerns have eased somewhat recently as the issuer strengthened disclosures and benefited from a surge in returns on reserve assets, emerging as one of the biggest winners of 2026’s sharp rally in gold.
The reserves backing FIDD will be managed by Fidelity Management & Research Company, its flagship asset-management arm. The stablecoin will be transferable to any Ethereum mainnet address and available on cryptocurrency exchanges.
Stablecoins Coming of Age
The timing reflects a marked shift in regulatory and commercial sentiment. According to a16zcrypto, the crypto arm of Andreessen Horowitz, roughly $9trn in stablecoin transactions (excluding inorganic activity) were processed on blockchain rails between 2024 and September 2025. What was once an experimental payment rail is fast becoming a mainstream one.
Regulatory clarity has helped. The EU’s Markets in Crypto-Assets (MiCA) regulation and the US's GENIUS Act have provided long-awaited rules for stablecoin issuers, reducing uncertainty for financial institutions and brokers.
Adoption of stablecoin for deposits and withdrawals by retail CFD brokers has accelerated accordingly. Eightcap, a Melbourne-based firm that integrated stablecoin payments as early as 2020, reported that by 2025, such tokens accounted for 10-20% of global deposits, rising to 40% in parts of Latin America and South-East Asia, where banking infrastructure is often unreliable. In January 2026, US-based Interactive Brokers, a much larger broker with CFDs only a portion of its service in certain markets, announced it's allowing eligible clients of its US subsidiary to fund their brokerage accounts using stablecoins. Instant settlement and round-the-clock access are increasingly the selling points.
