Fidelity launches FIDD on Ethereum – Could this boost ETH?
The post Fidelity launches FIDD on Ethereum – Could this boost ETH? appeared on BitcoinEthereumNews.com.
Big financial players are finally hopping on the stablecoin bandwagon. Fidelity, the $5.9 trillion asset manager, just announced it’s building its own stablecoin, FIDD. Looks like even the heavyweights don’t want to be left behind as DeFi continues to shake up traditional finance. But the buzz isn’t really about the coin itself. What’s grabbing attention is Ethereum [ETH] as the launch platform. With ETH controlling 56% of the stablecoin market, it’s the natural playground for a move of this scale. Source: RWA.xyz From a technical perspective, another “digital dollar” on Ethereum naturally means more on-chain liquidity, smoother capital flows across DeFi sectors, and an extra edge for ETH in the decentralized finance game. In fact, the FUDD launch couldn’t come at a better time. Ethereum already dominates the RWA sector with 60% of TVL, and as more stablecoins roll in, its position as the go-to DeFi hub only gets stronger. Meanwhile, analysts are turning bullish on network performance. Growing liquidity drives more daily transactions, higher fees, and more fees burned, which could set the stage for a supply squeeze down the line. The big question now: Will this theoretical edge actually play out in reality? FIDD launch strengthens Ethereum’s technical edge When smart money starts moving during FUD, it’s never random. Data from Onchain Lens shows whales are back in ETH accumulation. One wallet grabbed 29,665 ETH, while another pulled 3,207 ETH to stake. At the same time, long positions on Bitfinex hit a seven-month high. Taken together, it’s clear smart money is betting on Ethereum’s future. The big takeaway? It’s not just speculation. Daily transactions are also surging, closing in on the 2.8 million ATH, showing real activity behind the hype. Source: Etherscan Notably, this move also backs analysts’ thesis. With the FIDD launch, Ethereum’s supply squeeze is real.…
Filed under: News - @ January 30, 2026 11:31 am