Fidelity Digital Dollar FIDD price

Fidelity Digital Dollar (FIDD) is a stablecoin pegged one-to-one to the US dollar and issued by Fidelity Digital Assets, National Association, a subsidiary of the asset manager Fidelity Investments. It runs on Ethereum.

FIDD is designed to be redeemable for dollars and backed by reserves managed under Fidelity's operational standards. It can be used for payments, transfers and settlement on blockchains, giving Fidelity customers and institutions a dollar token issued by a long-established financial company. Access to minting and redemption depends on Fidelity's eligibility rules.