Fidelity Investments has launched Fidelity Digital Dollar (FIDD), a stablecoin built for both retail and institutional investors, and set up a digital reserve fund to help issuers meet compliance reserve requirements. The asset manager also added staking and quarterly dividend distributions to its nearly $900 million Ethereum ETF, with 85% of staking rewards retained.
In a mid-2026 assessment, Fidelity said Bitcoin mining is facing stiffer competition for electricity from AI data centers. The network's average hashrate dropped 8.8% over 30 days. The same update flagged recent outflows from the FBTC ETF, while clients directly added roughly $134 million in bitcoin, which Fidelity described as a shift from passive products to direct holdings.
The stablecoin launch, the ETF staking upgrade and the mining assessment were reported by crypto.news.
Fidelity Investments launched a stablecoin this week and added staking options to its Ethereum ETF.
FIDD stablecoin and ETF staking
The new digital dollar, Fidelity Digital Dollar (FIDD), is available to institutional and retail investors. Fidelity also set up a digital reserve fund to help stablecoin issuers meet compliance reserve requirements. For its roughly $900 million Ethereum ETF, the firm added staking with quarterly dividend distributions, keeping 85% of staking rewards.
Mid-cycle assessment: power competition and capital rotation
In its mid-2026 assessment, Fidelity said Bitcoin mining now competes with AI data centers for electricity. Network average hashrate fell 8.8% over 30 days. FBTC ETF has recently seen outflows, but clients bought roughly $134 million of bitcoin directly, a sign that some capital is moving from passive products into direct holdings. crypto.news reported the details.
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