Fidelity Digital Dollar

Fidelity Digital Dollar (FIDD) is a stablecoin issued by Fidelity Digital Assets, National Association, a subsidiary of Fidelity Investments, designed to maintain a value of one U.S. dollar at all times. It is intended to give users a digitally native way to hold and transfer dollar-denominated value without exposure to the price movements typical of other digital assets. The token sits within the Ethereum ecosystem, meaning it operates on that blockchain and can interact with other Ethereum-based applications.

FIDD is a USD-pegged token that lives on the Ethereum blockchain, where it can be transferred between addresses according to Ethereum's settlement rules. Each token is intended to be backed on a one-to-one basis with U.S. dollar reserves, with issuance and redemption managed by Fidelity Digital Assets under its operational standards. No consensus algorithm specific to FIDD is recorded in the available data, as the asset relies on Ethereum's underlying infrastructure rather than a protocol of its own.

The data stored for FIDD does not include a fee stream, revenue model, or protocol-retained earnings, so fee-based measures are not applicable here. The circulating supply of 51,544,567.98 FIDD represents the full issued amount, with a dilution overhang of 0.0 percent and no supply pending, meaning there is no recorded pool of tokens waiting to enter circulation. What this means in practice is that any economic return to the issuer, if it exists, would stem from reserve management or related services rather than from on-chain protocol fees, none of which are captured in the figures on this page.