Fidelity brings FIDD stablecoin to on-chain finance

Fidelity Digital Assets renewed its institutional push for the Fidelity Digital Dollar on Sept. 9, positioning the Ethereum-based stablecoin for payments, settlement and tokenized markets. Summary Fidelity Digital Assets issued FIDD on Ethereum, pegged one-to-one and redeemable for one U.S. dollar. Reserves include cash, short-term Treasuries and liquid assets held at Bank of New York Mellon. Fidelity discloses circulating supply daily while PwC independently examines monthly reserve reports under AICPA standards. Eligible clients can trade FIDD through Fidelity platforms, while Kraken and Bullish support external access. Fidelity reported approximately 50.09 million FIDD outstanding, matching its disclosed market capitalization at one dollar. Fidelity’s public dashboard showed approximately 50.09 million FIDD outstanding, giving the token a market capitalization of about $50.09 million at its $1 redemption value. The statement expands on FIDD’s intended uses rather than announcing a new token. Fidelity unveiled the stablecoin in January 2026 and began publishing reserve reports in February. Its latest communication presents FIDD as a bridge between conventional financial accounts and blockchain-based markets. The future of finance is on-chain. Fidelity Digital Dollar (FIDD) is a dollar-backed stablecoin designed with institutional-standards and built to meet institutions’ evolving needs in an increasingly digital financial landscape. Learn more: https://t.co/CVofVX84qvpic.twitter.com/NH8lcaZrd5 — Fidelity Digital Assets (@DigitalAssets) September 9, 2026 You might also like: Fidelity investments retirement plan: Accumulating over 10,000 XRP monthly through ASDeFi Fidelity Digital Dollar combines issuance and reserves Fidelity Digital Assets, National Association, issues FIDD and allows eligible customers to purchase or redeem each unit for $1. The national trust bank manages token issuance, custody and trading. Fidelity Management & Research Company manages the assets backing the circulating supply. According to Fidelity’s published terms, the reserves may include Treasury securities with no more than three months remaining to maturity, overnight reverse repurchase agreements, government money market funds and deposits at regulated U.S. banks. Fidelity says the assets remain in segregated accounts, including accounts at Bank of New York Mellon. FIDD does not distribute interest earned from those reserves to token holders. Fidelity Digital Assets retains the income. The terms also state that FIDD is not legal tender, receives no FDIC or SIPC insurance and carries no guarantee from a government agency. FIDD targets payments and on-chain settlement Fidelity describes FIDD as a payment instrument rather than an investment designed to generate returns. The company identified continuous settlement, account funding, capital transfers and tokenized real-world assets as possible applications for institutional and retail customers. FIDD operates as an ERC-20 token on Ethereum. Holders can transfer it to eligible Ethereum addresses, although network gas fees apply. Fidelity can restrict addresses or freeze associated tokens when it suspects sanctions violations, fraud, criminal activity or other legal and operational risks.