This post was originally published on Coinspeaker
Key NotesFIDD reserves will consist of cash, cash equivalents, and short-term US Treasuries in compliance with the federal GENIUS Act.The federal banking regulator granted conditional approval on Dec.12, 2025, with additional clearance required before launch.Tether launched its U.S.-compliant USAT stablecoin one day before Fidelity’s announcement, intensifying domestic competition.
Fidelity Investments announced on Jan. 28 the launch of its first stablecoin, the Fidelity Digital Dollar (FIDD). The move positions the asset management giant as one of the first major traditional financial institutions to issue a dollar-backed token under the GENIUS Act, the federal stablecoin law signed in July 2025.
FIDD will be issued by Fidelity Digital Assets, National Association, a federally chartered national trust bank, and will operate on the Ethereum ETH $2 996 24h volatility: 2.1% Market cap: $361.13 B Vol. 24h: $25.64 B blockchain with each token redeemable for one US dollar, according to the company’s announcement. Reserves will consist of cash, cash equivalents, and short-term US Treasuries managed by Fidelity Management & Research Company LLC.
The Office of the Comptroller of the Currency (OCC), the federal banking regulator, granted conditional approval to Fidelity Digital
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