On February 4, Fidelity Digital Assets launched its stablecoin, the Fidelity Digital Dollar (FIDD). This asset is designed for both institutional and retail clients.
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
"FIDD is pegged to the U.S. dollar and is backed by Fidelity's traditions of honesty and transparency," the statement reads.
The coin is issued on the Ethereum blockchain and is expected to be listed on popular cryptocurrency exchanges soon.
Clients will be able to buy and use the asset on Fidelity Digital Assets, Fidelity Crypto, and Fidelity Crypto for Wealth Managers platforms.
The reserves, which are fully composed of U.S. dollars, will be managed by Fidelity Management & Research Company LLC. Audits will be conducted monthly with the involvement of PricewaterhouseCoopers LLP.
According to CoinGecko, at the time of writing, FIDD's market capitalization is just over $59 million, with a daily trading volume exceeding $60 million.
Source: CoinGecko.The launch of this "stablecoin" comes amid clarifications in U.S. regulation. The Genius Act, passed last summer, has paved the way for many crypto companies to enter the local market.
"The recent approval of [the law] marks an important milestone for the industry, providing clear regulatory guidelines for payment stablecoins," noted Mike O'Reilly, president of Fidelity Digital Assets.
It’s worth mentioning that in January, Tether launched a federally regulated stablecoin, USAT, in the U.S.