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The Fidelity Digital Dollar (FIDD) – a GENIUS Act compliant, 1:1 reserved stablecoin announced last week by stock brokerage Fidelity Investments – is now accessible to retail and institutional clients across Fidelity's investment platforms, and third-party exchange where it is listed.
What's the Scoop?
- Built on Ethereum: Fidelity's Digital Dollar is issued on the
Ethereum blockchain by the brokerage's burgeoning digital asset group. Cash management is performed by Fidelity's established asset management division, which manages over $900B in total money market asset. - Blockchain Capabilities: Fidelity clients can buy or sell FIDD for $1 on the Fidelity Digital Assets platform and through Fidelity Crypto. The stablecoin, which held a market capitalization of ~$60M at the time of analysis, can also be withdrawn to the Ethereum blockchain and traded on crypto-native exchanges, including CEXs like Kraken and DEXs like Uniswap.
We are excited to introduce Fidelity Digital Dollar (FIDD), a new stablecoin issued by Fidelity Digital Assets, NA and pegged 1:1 to the U.S. dollar.
— Fidelity Digital Assets (@DigitalAssets) February 4, 2026
Learn more and get started with FIDD: https://t.co/VlsKPR2BFY pic.twitter.com/wnOnXCRO03
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