Deployments · platform by Fidelity Digital Assets
Fidelity Digital Dollar (FIDD)New
Fidelity Digital Dollar is a dollar stablecoin on Ethereum issued by Fidelity Digital Assets, National Association, Fidelity's national trust bank. Retail and institutional clients can buy and redeem it at $1 on Fidelity's crypto platforms, and it can be sent to any Ethereum address. Fidelity Management & Research manages the reserves, held in cash and short-term Treasuries at BNY, and publishes supply and reserve value daily. It launched on 4 February 2026; about $52 million was outstanding in October 2026.
Live (limited) since 4 Feb 2026[1] — Live for Fidelity clients and transferable on Ethereum; supply is modest so far. · Reviewed 24d ago
- Assets
- Stablecoin[1]Dollar stablecoin issued by a national trust bank, backed by cash and short-term Treasuries
- Use cases
- Primary issuance[3][1]Payments[1]
- Jurisdictions
- United States
Participants
- Fidelity Digital AssetsPlatform provider, Issuer, Operator, Distributor[1][2]United States
- Fidelity InvestmentsAsset manager[1]United States
- BNYCustodian[2]United States
- PwCAuditor or reserve attestor[2]United States
Likely relevant regulation
- US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activitiesUnited States
- GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act)United States
Assets
Metrics
- ~$51.81mTokens outstanding · as of 15 Oct 2026 · on Ethereum[3]
- ~$47.36mSupply on chain (daily) · as of 7 Nov 2026[4]Automated daily reading of on-chain supply across all chains.
- ~$47.36mSupply on chain (daily) · as of 7 Nov 2026 · on Ethereum[4]Automated daily reading.
Timeline
- Happened 4 Feb 2026 · Launch · recorded 15 Oct 2026FIDD becomes available to buy and redeem on Fidelity's crypto platforms.[1]
- Happened 28 Jan 2026 · Announcement · recorded 15 Oct 2026Fidelity announces FIDD, to be issued by its national trust bank on Ethereum.[1]
Sources
- [1]Fidelity Investments® Expands Digital Asset Investment Lineup with Stablecoin Launch: Fidelity Digital Dollar™ (FIDD) — Fidelity Investments, 28 Jan 2026. Accessed 15 Oct 2026. Updated 4 February 2026 with availability..B
- [2]Stablecoin — Fidelity Digital Assets. Accessed 15 Oct 2026.B
- [3]Fidelity Digital Dollar stablecoin data (API) — DefiLlama, 15 Oct 2026. Accessed 15 Oct 2026.A
- [4]Supply by chain, read daily — DefiLlama (automated daily refresh). Accessed 7 Nov 2026.A
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