Fidelity Launches FIDD Stablecoin To Challenge Circle's USDC, Tether's USDT

Benzinga01-29

Fidelity Investments is launching the Fidelity Digital Dollar (FIDD) stablecoin in early February to compete in the $308 billion stablecoin market dominated by Circle’s (NYSE:CRCL) USDC (CRYPTO: USDC)...

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For institutions moving large amounts of money internationally, that’s a massive upgrade.For retail users, FIDD enables on-chain payments and access to DeFi protocols without leaving the Fidelity ecosystem.O’Reilly said the GENIUS Act made this “the right time” because it created a clear regulatory framework. Companies now know exactly how to operate stablecoins legally in the U.S.The Competition Heats UpFidelity enters a market dominated by crypto-native companies. Circle’s USDC and Tether’s USDT control most of the $308 billion stablecoin market.Tether just announced Tuesday it’s launching USAT, a U.S.-compliant stablecoin. That puts three major players—Fidelity, Circle, and Tether—competing directly for U.S. clients.Fidelity’s advantage is its existing client base and infrastructure. The company already offers crypto custody, trading, a retail crypto app, and a crypto IRA product. FIDD plugs directly into those services.When one of the world’s largest asset managers launches a stablecoin, it signals traditional finance is moving aggressively into blockchain-based payments.Image: ShutterstockMarket News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2607974164","isCrawlerRequest":true}