# Fidelity Selects Ethereum for FIDD Stablecoin Trial

*Author: Jack Inabinet*
*Published: Jan 28, 2026*
*Source: https://www.bankless.com/read/news/fidelity-selects-ethereum-for-fidd-stablecoin-trial*

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Fidelity Investments is set to launch its first stablecoin, the Fidelity Digital Dollar or FIDD. Retail and institutional investors alike will be accessible to access the Ethereum-native stablecoin in the coming weeks.

## What's the Scoop?
- **Dollar Issuer:** According to a Wednesday [press release](https://newsroom.fidelity.com/pressreleases/fidelity-investments--to-expand-digital-asset-investment-lineup-with-stablecoin-launch--fidelity-dig/s/3b55e2d1-1dba-4120-9528-1e07e632f3f4), Fidelity's Digital Dollar will be issued by its burgeoning digital asset group. Cash management will be performed by Fidelity's established asset management division, which [manages](https://www.fidelity.com/mutual-funds/mutual-fund-spotlights/money-market-funds) over $900B in total money market asset.
- **Token Utility:** FIDD will combine the benefits of a stable digital dollar with the utility of blockchain technology. Customers will be able to buy or sell FIDD for $1 on all Fidelity platforms (and other major exchanges where FIDD is listed). FIDD will also be transferable to Ethereum mainnet addresses.
[Fidelity Investments® to Expand Digital Asset Investment Lineup with Stablecoin Launch: Fidelity Digital Dollar (FIDD)Fidelity® to Oversee Coin Issuance and Management of Reserves, Leaning on Asset Management Heritage and Digital Asset Expertise Eligible Customers Can Purchase or Redeem FIDD Tokens from Fidelity®…![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/icon/apple-touch-icon-679.png)FidelityFidelity![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/thumbnail/711929.jpg)](https://newsroom.fidelity.com/pressreleases/fidelity-investments--to-expand-digital-asset-investment-lineup-with-stablecoin-launch--fidelity-dig/s/3b55e2d1-1dba-4120-9528-1e07e632f3f4)
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