Fidelity Digital Dollar (FIDD) is a U.S. dollar-pegged stablecoin issued and backed by Fidelity Digital Assets, National Association (FDA, NA), a subsidiary of the financial services firm Fidelity Investments®. Launched in early February 2026, FIDD operates on the Ethereum blockchain and is designed to maintain a 1:1 value with the U.S. dollar. It is a fully collateralized stablecoin, meaning each FIDD token in circulation is backed by an equivalent amount of reserve assets. ^{[1] [2]}​

Overview

The Fidelity Digital Dollar (FIDD) was created to provide a stable digital asset for transactions and on-chain utility, combining the technological attributes of blockchain with the stability of the U.S. dollar. Its primary purpose is to mitigate the price volatility commonly associated with other cryptocurrencies, offering a reliable medium of exchange within the digital asset ecosystem. ^{[2] [3]}​

The stablecoin is issued by Fidelity Digital Assets, NA, which operates as a national trust bank under a charter granted by the Office of the Comptroller of the Currency (OCC) in 2025. This regulatory status places the issuer under federal oversight. FIDD's launch was announced following the passage of the "GENIUS Act," which was cited by the company as providing clearer regulatory guidelines for payment stablecoins in the United States. ^{[4] [2]}​

FIDD operates under what Fidelity describes as a "full-service model," where various Fidelity businesses handle all core functions, including coin issuance, redemptions, and the management of reserve assets. This integrated approach is intended to provide a cohesive and centrally managed ecosystem for the stablecoin. The issuer, Fidelity Digital Assets, has a stated mission to provide institutional-grade security and expertise to the digital asset market, drawing on the long-standing principles of its parent company, Fidelity Investments. ^{[3] [5]}​

History

Fidelity Investments' involvement in the digital asset space dates back to 2014, when the firm began its initial research and development. This work led to the formal establishment of the Fidelity Digital Assets® subsidiary in 2018, which began offering services to institutional investors in 2019. The company has since maintained a public presence through research and commentary on major digital assets like Bitcoin and Ethereum, positioning itself as an institutional participant in the industry. A significant step toward the creation of FIDD occurred in 2025, when Fidelity Digital Assets, NA was granted a national trust bank charter by the Office of the Comptroller of the Currency (OCC). ^{[4] [2]}

The first press release announcing the planned launch of FIDD was published on January 28, 2026. The official launch and public announcement occurred on February 4, 2026, when the stablecoin was made available to eligible customers on Fidelity's platforms. FIDD began trading on public markets around February 5, 2026. ^{[2] [5]}

Tokenomics

FIDD is issued as a token ERC-20 token on the Ethereum mainnet. ^{[1] [2]}​

As an Ethereum-based token, FIDD is interoperable with Ethereum wallets such as MetaMask and Trust Wallet and can be transferred to any Ethereum mainnet address. However, the issuer, Fidelity Digital Assets, NA, retains the ability to freeze or restrict transfers to specific blockchain addresses, a common feature for centrally issued stablecoins designed to comply with legal and regulatory obligations. ^{[4] [1]}​

Market Data and Adoption

As of February 12, 2026, shortly after its launch, FIDD had a total and circulating supply of 59,600,000 tokens, with a corresponding market capitalization of approximately 64 million, with the price holding close to its peg at $0.9998. ^[1]​

Availability

​Centralized Exchanges (CEXs):

• Kraken
• Bullish

​Decentralized Exchanges (DEXs):

• Uniswap v3
• Curve

Primary trading pairs include FIDD/USD, BTC/FIDD, ETH/FIDD, FIDD/USDT, and FIDD/USDC. ^{[1] [4]}