Yes, fiats is in the scrabble dictionary

...and is worth 8 points by itself.

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Fiats Definition

noun

Plural form of fiat.
from the English-language Wiktionary

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Top Words by points

Points

fiats

8

2 letter words with FIATS

Points

as

2

at

2

ai

2

ti

2

ta

2

fa

5

si

2

it

2

is

2

if

5

3 letter words with FIATS

Points

tis

3

tas

3

sit

3

sat

3

its

3

ifs

6

fit

6

fat

6

fas

6

ats

3

ait

3

ais

3

aft

6

4 letter words with FIATS

Points

fits

7

fist

7

fiat

7

fats

7

fast

7

aits

4

sati

4

sift

7

5 letter words with FIATS

Points

fiats

8

Found 32 words in 0.12848 seconds