The Fidelity Digital Dollar:(HedgeCo.Net) The Fidelity Digital Dollar (FIDD) is a fiat-backed stablecoin pegged 1:1 to the U.S. dollar. Availability and DistributionEligible institutional and retail customers will be able to buy and redeem FIDD for $1 through Fidelity’s digital platforms—Fidelity Digital Assets, Fidelity Crypto, and Fidelity Crypto for Wealth Managers. Evolving Client DemandInstitutional and retail investors are increasingly seeking digital settlement solutions, liquidity management tools, and faster, cost-efficient ways to transfer value globally. Fidelity’s stablecoin launch follows its earlier digital asset services—including Bitcoin custody and Ether index trading—and further cements its commitment to digital finance. Potential Use Cases for FIDDThe Fidelity Digital Dollar has multiple potential applications across both traditional and digital finance:1.