FIDD vaults
About Fidelity Digital Dollar
Fidelity Digital Dollar (FIDD) is a US dollar stablecoin issued by Fidelity Digital Assets, National Association, a subsidiary of Fidelity Investments. FIDD is pegged 1:1 to the US dollar and fully backed by cash, US treasuries and other liquid assets held at The Bank of New York Mellon.
Fidelity Digital Dollar (FIDD) is the first stablecoin from Fidelity Digital Assets, the digital asset arm of Fidelity Investments, launched on Ethereum mainnet in February 2026. FIDD is issued by Fidelity Digital Assets, National Association (FDA, NA) and is pegged 1:1 to the US dollar, redeemable at $1 per unit through Fidelity accounts.
FIDD reserves are held as cash, US treasuries or other safe, liquid assets in accounts at The Bank of New York Mellon, with reserve asset management by Fidelity Management & Research Company LLC. Monthly reserve reports are examined by PricewaterhouseCoopers LLP.
The FIDD smart contract is an ERC-20 token on Ethereum. Its source code is open source and was audited by OpenZeppelin.
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