What is the current price of Fidelity Digital Dollar?
The current price of Fidelity Digital Dollar is $0.9995 with a 0.05% change in the last 24 hours.
Fidelity Digital Dollar is a US dollar stablecoin issued by Fidelity Digital Assets, National Association, a national trust bank chartered by the Office of the Comptroller of the Currency in 2025 and owned by Fidelity Investments. It runs on Ethereum mainnet, pegged 1:1 to the dollar, with eligible customers able to purchase or redeem it for one dollar per unit through Fidelity's platforms. Fidelity announced the launch on February 4, 2026. Reserves are managed by Fidelity Management and Research Company LLC in cash, US Treasuries and other liquid assets, with custody at The Bank of New York Mellon.
Official resources:
FIDD has no founder story in the usual sense. It is a product of Fidelity Investments, founded in 1946, issued through its Fidelity Digital Assets business, established in 2018 and later extended to retail through Fidelity Crypto. Mike O'Reilly, president of that business, described passage of the GENIUS Act as a milestone giving clear guardrails for payment stablecoins.
A holder with an eligible Fidelity account buys FIDD for a dollar and redeems it for a dollar. Reserve figures are disclosed at the close of every business day on fidelity.com, and monthly reports are examined by PricewaterhouseCoopers LLP under AICPA attestation standards. Anyone can hold and transfer the token, but guaranteed par redemption requires a Fidelity account.
Four entities carry the system: Fidelity Digital Assets, National Association issues the coin, Fidelity Management and Research Company LLC manages the reserve, The Bank of New York Mellon holds it in custody, and PricewaterhouseCoopers LLP examines the monthly reports. Distribution runs through Fidelity's institutional, retail and wealth manager platforms.
FIDD is a payment and settlement instrument, not a governance or fee token. Its stated uses are around-the-clock institutional settlement, on-chain retail payments, and holding dollar value on Ethereum. Because par redemption runs through a brokerage relationship, utility is tied to Fidelity account access.
The issuer is the distinguishing feature: a national trust bank subsidiary of one of the largest US asset managers, with reserves run by the same firm that manages Fidelity's money market strategies. Daily reserve disclosure is more frequent than the monthly cadence common among issuers.
Against USDC and USDT, FIDD is smaller and distributed through a brokerage relationship rather than crypto-native integrations. Against Gemini Dollar and Pax Dollar, it rests on an OCC-chartered national trust bank under the federal framework rather than New York state trust supervision. Against PayPal USD, Fidelity issues through its own bank subsidiary rather than a third-party issuer, and it passes no reserve income to holders.
Institutional settlement outside banking hours is the primary stated use. Beyond that it supports on-chain retail payments, dollar positioning between trades, and access for wealth managers.
Security here is institutional as much as cryptographic: the reserve sits in custody at The Bank of New York Mellon, is reported daily and is examined monthly, while the issuer operates under OCC supervision. On-chain it is a standard ERC-20 contract, and Fidelity retains the ability to freeze or restrict addresses.
FIDD is a centralized liability, and holders depend on the issuer's solvency. Fidelity states plainly that FIDD is not FDIC insured and carries no government guarantee, and that digital assets are speculative and can become illiquid. An address can be blocked, and par redemption requires an eligible account, so an open-market buyer depends on secondary pricing.
FIDD is a case of a major traditional asset manager issuing its own dollar token through a bank subsidiary instead of partnering with an existing crypto issuer. That structure tests whether a stablecoin distributed through a brokerage relationship can compete on institutional terms.
The primary route is purchase and redemption at one dollar per unit through Fidelity Digital Assets, Fidelity Crypto or Fidelity Crypto for Wealth Managers, subject to eligibility. It is also available on exchanges that have listed it, though buying there does not itself grant par redemption.
FIDD is an ERC-20 token and can be held in any Ethereum wallet. Software wallets suit day-to-day balances and hardware wallets keep keys offline, while Fidelity's own platforms give the most direct redemption path. Self-custody does not remove issuer-level control.
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Read the complete paper trading guideThe current price of Fidelity Digital Dollar is $0.9995 with a 0.05% change in the last 24 hours.
The daily trading volume is $68,243.16 representing a 236.22% change in the past 24 hours.
The market capitalization of Fidelity Digital Dollar is $49,465,614, ranking #978 globally.
The fully diluted valuation (FDV) of Fidelity Digital Dollar is $49,465,614, calculated assuming the total supply of 49,490,359 FIDD is in circulation.
Circulating: 49,490,359. Total: 49,490,359. Max: N/A.
In the last 24 hours, Fidelity Digital Dollar traded between a low of $0.9995 and a high of $1.00.
FIDD/USDTTether USDT0.9995 USDT
