Fidelity’s FIDD Stablecoin Goes Live on Ethereum Under Federal Framework

Fidelity Digital Assets launched its first stablecoin, FIDD, on February 4, 2026; the token is live and transferable on the Ethereum network and is available to retail and institutional investors across Fidelity’s platforms ^[2][3][4].

Fidelity framed the launch as occurring inside a federal regulatory structure intended to remove legal ambiguity that previously kept many traditional financial institutions from directly issuing stablecoins, citing the framework established by the GENIUS Act; observers say the move signals a shift toward regulated, institutional stablecoins ^[1][2].

At launch, FIDD had an initial supply reported at over $59 million, though the token’s distribution remained concentrated as it had yet to spread broadly across wallets ^[4].

The FIDD launch combines on-chain availability with a stated federal legal footing, representing a step in Wall Street’s deeper on‑chain adoption of dollar‑pegged tokens ^[1][2][3][4].