Fidelity deploys FIDD stablecoin pools on Uniswap, Curve

Fidelity Investments launched liquidity pools for its FIDD stablecoin on Uniswap V3 and Curve, according to a Uniswap announcement Wednesday.panewslab
FIDD, pegged 1:1 to the U.S. dollar, is backed by cash and Treasuries with reserves held at Bank of New York Mellon ↘1.67%.fidelitydigitalassets
The move follows the 2025 GENIUS Act and marks one of the largest traditional asset managers embracing decentralized exchange infrastructure.linkedin

Fidelity Chooses Uniswap as Liquidity Layer for Its FIDD Stablecoin

Fidelity Investments has selected Uniswap as the liquidity infrastructure for its dollar-pegged stablecoin, marking a move by one of the world’s largest asset managers deeper into decentralized finance. The FIDD liquidity pool went live on the Uniswap protocol on Wednesday, according to an announcement Uniswap made on its X account.binance

The deployment places Fidelity Digital Dollar (FIDD) liquidity pools on Uniswap V3, allowing traders and liquidity providers to interact with the institutional-grade stablecoin through decentralized exchange infrastructure. The pools are also reportedly live on Curve, another major decentralized exchange focused on stablecoin trading.x

From Custodial Launch to DeFi Integration

Fidelity first announced FIDD on January 28, 2026, and made the ERC-20 token available for purchase on February 4 through its Fidelity Crypto and Fidelity Digital Assets platforms. The stablecoin is issued by Fidelity Digital Assets, National Association, and is pegged 1:1 to the U.S. dollar, backed by cash, U.S. Treasuries, and other liquid assets with reserves managed by Fidelity Management & Research Company LLC and held at the Bank of New York Mellon.fidelitydigitalassets

FIDD is accessible to both retail and institutional investors and can be bought or redeemed for one dollar through Fidelity’s platforms. Since launch, the token has grown to a circulating supply of roughly 48 million tokens, according to data from CoinGecko.fidelity

A Broader Institutional Embrace of DeFi

The decision to deploy on Uniswap reflects a growing willingness among traditional financial institutions to use decentralized protocols for distribution and liquidity. Rather than relying solely on centralized venues, Fidelity is tapping into DeFi’s automated market-making infrastructure to provide on-chain access to FIDD.

The move comes amid a broader wave of institutional stablecoin activity following the passage of the GENIUS Act in 2025, which provided legal recognition for stablecoins in the United States. Fidelity publishes daily disclosures on FIDD’s circulating supply and reserve net asset value, a transparency practice it committed to at launch.linkedin