Overview
- The launch moves Fidelity from announcement to active issuance, entering the regulated stablecoin market shaped by recent U.S. law.
- FIDD is now available to retail and institutional clients on Fidelity’s platforms and on listed exchanges.
- The token is issued by Fidelity Digital Assets, National Association, with dollar redemptions at par through Fidelity.
- Reserves consist of cash and short‑term U.S. Treasuries held in custody accounts at Bank of New York Mellon.
- Transparency and controls include daily circulating‑supply and reserve NAV disclosures, monthly PwC‑reviewed reports, Ethereum transfers, and the ability to freeze addresses tied to illicit activity.