Fidelity Investments has launched its first U.S. dollar-backed stablecoin, the Fidelity Digital Dollar (FIDD), marking a significant entry into the stablecoin market by one of the world's largest asset managers. Announced on February 4, 2026, FIDD is issued by Fidelity Digital Assets, National Association, and is available to both retail and institutional clients. Each token is redeemable at a 1:1 ratio with the U.S. dollar, offering a regulated alternative in a stablecoin market exceeding $316 billion. FIDD operates on the Ethereum mainnet, allowing transfers to any compatible address, and is integrated with Fidelity's existing platforms. The stablecoin's reserve assets are managed internally by Fidelity Management & Research Company LLC, ensuring transparency and compliance with daily disclosures of circulating supply and reserve net asset value. This launch follows new U.S. regulatory clarity for payment stablecoins, positioning Fidelity as a key player in the evolving digital asset landscape.