Trillion-Dollar Asset Manager Fidelity Launches its Own Stablecoin
Fidelity, one of the world’s largest asset managers with $5.9 trillion under management, is preparing to launch its own stablecoin, signaling another major step by traditional finance into digital assets.
The token, called Fidelity Digital Dollar (FIDD), will be issued by Fidelity Digital Assets through its national trust bank entity, Fidelity Digital Assets, National Association.
- Fidelity is launching its own dollar-backed stablecoin.
- It will enable real-time settlement, 24/7 availability, and lower transaction costs.
The bank received conditional approval to operate from the Office of the Comptroller of the Currency in December, clearing a key regulatory hurdle ahead of the launch.
Speaking to Bloomberg, Mike O’Reilly said the stablecoin is designed to deliver practical benefits to clients across the spectrum. According to O’Reilly, features such as real-time settlement, 24/7 availability, and lower-cost treasury management make stablecoins a compelling tool for both retail and institutional users.
The Fidelity Digital Dollar is expected to become available in the coming weeks. In addition to being supported within Fidelity’s own digital asset ecosystem, the stablecoin will also be listed on crypto exchanges and will be transferable to any Ethereum mainnet address, allowing it to move freely across the broader blockchain economy.
Stablecoins are cryptocurrencies designed to maintain a stable value, typically by being backed one-to-one with traditional assets such as U.S. dollars or short-term government securities. This backing aims to combine the price stability of fiat currency with the speed and programmability of blockchain-based payments.
Fidelity’s move adds to a growing wave of interest from established financial institutions. Banks, asset managers, and major companies are increasingly signaling that they are either developing their own stablecoins or are ready to deploy them, underscoring how digital dollars are becoming a core part of the future financial infrastructure rather than a niche crypto experiment.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
