Fidelity launches FIDD stablecoin on Ethereum with over $59M supply

On February 4, 2026, Fidelity Digital Assets said its FIDD stablecoin is live on Ethereum with an initial supply exceeding $59M. The firm described FIDD as compliant with the GENIUS Act and backed by fiat and U.S. Treasuries, with purchases, redemptions, custody, and reserve management offered through its platforms. Listings on major exchanges and wider wallet distribution are planned.