Uniswap and Curve Finance has been selected as the liquidity layers for the Fidelity Digital Dollar (FIDD), marking the stablecoin's deployment into DeFi. FIDD liquidity pools are now live on Uniswap and Curve. The move brings one of the world's largest asset managers deeper onchain by leveraging DeFi infrastructure.

FIDD is a U.S. dollar-pegged stablecoin issued by Fidelity Digital Assets, National Association, a subsidiary of Fidelity Investments, and is redeemable 1:1 for USD through Fidelity platforms. Fidelity Digital Assets launched FIDD on Ethereum in February, targeting both retail and institutional investors, with Fidelity managing issuance, reserves, and daily transparency disclosures. The stablecoin currently has a market cap of roughly $40 million.

The DeFi integration positions FIDD to circulate across permissionless liquidity venues rather than remaining confined to Fidelity platforms, a step toward broader onchain adoption for institution-issued stablecoins.

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