What is Fidelity Digital Dollar?

Fidelity Digital Dollar (FIDD) is a stablecoin pegged to the U.S. dollar at a 1:1 ratio. It is issued by Fidelity Digital Assets, National Association, which is a subsidiary of Fidelity Investments.

FIDD is supported by the operational standards of Fidelity Digital Assets and leverages the historical expertise of the Fidelity Investments business. The primary use case for FIDD is to facilitate transactions in a manner consistent with traditional fiat currency.