Fidelity brings FIDD stablecoin to on-chain finance
Sep 10, 2026
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.
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.
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.
Daily disclosures support FIDD’s reserve model
Fidelity publishes FIDD’s circulating supply and reserve net asset value after each business day. It also prepares monthly reserve reports examined by PricewaterhouseCoopers under standards established by the American Institute of Certified Public Accountants.
Fidelity enters an established stablecoin market
FIDD joins a concentrated dollar-stablecoin market led by Tether’s USDT and Circle’s USDC. Fidelity is competing through its custody, trading and asset-management infrastructure rather than through the size of FIDD’s current circulation.
Institutional stablecoin services are expanding across lending markets. As crypto. news reported, Compound opened a USDC lending market with defined collateral requirements and loan-to-value ratios reaching 87%.
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