Fidelity Digital Dollar (FIDD) is a fiat-backed US dollar stablecoin. It has about $50.8M in circulation, ranking #71 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is FIDD?
Fidelity Digital Dollar (FIDD) is a fiat-backed US dollar stablecoin. It has about $50.8M in circulation, ranking #71 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: Fidelity Digital Dollar℠ (FIDD) is a stablecoin pegged 1:1 to the U.S. dollar and is issued by Fidelity Digital Assets, National Association, a subsidiary of Fidelity Investments®. FIDD is backed by the stringent operational standards of Fidelity Digital Assets® and draws on the history, principles, and expertise of the traditional Fidelity Investments® business.
FIDD supply history
FIDD supply grew 2.7% over the past 30 days, to $50.8M. Its peak was $62.6M in February 2026, and supply is 19% below that high.
Is FIDD holding its peg?
FIDD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where FIDD lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all FIDD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How FIDD is backed
Each FIDD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: FIDD can be bought and sold for $1 (in eligible jurisdictions) by institutional clients on the Fidelity Digital Assets platform, by retail customers through Fidelity Crypto®, and by advisors through Fidelity Crypto® for Wealth Managers.* It is also available on exchanges where FIDD is listed. Clients will not be able to transfer to addresses Fidelity Digital Assets has frozen/restricted on the blockchain, even if they hold FIDD off-platform.
Reserve reports and audits: github.com
FIDD risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
FIDD vs USDT and USDC
Similar fiat-backed stablecoins
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FIDD FAQ
What is FIDD?
Fidelity Digital Dollar (FIDD) is a fiat-backed US dollar stablecoin. It has about $50.8M in circulation, ranking #71 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is FIDD pegged 1:1 to the US dollar?
FIDD targets 1 USD. At the last update it traded at $0.9992, a deviation of -0.08%, which we classify as "on peg".
What backs FIDD?
FIDD is a fiat-backed stablecoin. Each FIDD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is FIDD on?
FIDD is live on 1 blockchain. The largest by supply are Ethereum ($50.8M).
How much FIDD is in circulation?
About $50.8M of FIDD was in circulation at the last update, +2.7% over 30 days. That makes it the #71 stablecoin by supply among those we track.
Is FIDD safe?
No stablecoin is risk-free. As a fiat-backed design, FIDD's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.