Fidelity Digital Dollar

Fidelity Digital Dollar (FIDD) is a stablecoin issued by Fidelity Digital Assets, National Association, a subsidiary of Fidelity Investments, and is designed to maintain a value of one U.S. dollar at all times. It is intended for users who want to transact, settle, or store value in a digital form without exposure to the price movements typical of other digital assets. The product draws on Fidelity's institutional operational standards and targets participants who want a dollar-denominated digital instrument backed by an established financial firm.

FIDD operates within the Ethereum ecosystem and maintains its dollar peg through a 1:1 backing arrangement managed by Fidelity Digital Assets. The token is minted and redeemed to keep circulating supply aligned with underlying dollar reserves, and the data shows a block time of zero minutes, meaning settlement mechanics are governed by Ethereum's own block production rather than a separate consensus layer native to FIDD itself. No consensus algorithm is recorded for FIDD independently, as it is a token that inherits the infrastructure of the network on which it runs.

The data provided does not record a fee stream, revenue model, or protocol earnings for FIDD, so fee-based financial measures that this site may calculate for other assets are not applicable here. The stablecoin circulating supply stands at 50,723,783.9 units on a point-in-time basis, and the 30-day change in stablecoin supply is 2.319162 percent, reflecting how issuance has moved recently. The fully diluted value equals the market capitalization, with an fdv-to-mcap ratio of 1.0, and there is no recorded dilution overhang, meaning no additional supply is known to be pending beyond what is already circulating.