Uniswap said Fidelity’s dollar-linked stablecoin, FIDD, is now trading through live liquidity pools on its protocol, placing the token inside decentralized market infrastructure. The claim came from Uniswap’s official X account, which said Fidelity had chosen Uniswap as a liquidity layer for FIDD.
Fidelity confirm the underlying stablecoin, but not a separate Uniswap-specific announcement. Fidelity Digital Assets says Fidelity Digital Dollar, or FIDD, is issued by Fidelity Digital Assets, National Association, and can be purchased or redeemed by eligible customers for $1 through Fidelity Digital Assets and Fidelity Crypto platforms.
Fidelity, one of the world's largest asset management firms, is moving onchain with stablecoins
They chose Uniswap as the liquidity layer
Pools for $FIDD are live on the protocol pic.twitter.com/LQLVe1mQrD
— Uniswap (@Uniswap) June 11, 2026
Fidelity Confirms FIDD Structure, While Uniswap Confirms Pool Deployment
FIDD is an ERC-20 token on Ethereum, according to Fidelity’s developer resources. The official FIDD mainnet contract is 0x7C135549504245B5eAe64fc0E99Fa5ebabb8e35D, giving traders and developers a direct identifier for the asset on-chain.
Uniswap-linked pool data shows two active Ethereum pools for the token. The FIDD/USDC pool on Uniswap V3 is listed at 0xbb5b761415a58D944fcb81313b204f895637D20C, while the FIDD/USDT pool is listed at 0x31D0E24BDB9359a09D810623112e257dabf0e974.
Available tracker data points to meaningful but still early liquidity. DexPaprika listed the FIDD/USDC pool with about $3.57 million in liquidity and $348,000 in 24-hour volume, while FIDD/USDT trackers showed roughly $2.24 million in liquidity. Those figures confirm active pool infrastructure, not necessarily broad institutional usage.
That distinction matters. Uniswap’s post frames the move as Fidelity choosing a decentralized liquidity layer, but the verifiable market evidence currently shows pools and trading activity, while Fidelity’s own materials focus on issuance, reserves, redemption and Ethereum transferability.
Reserves and Redemption Remain Central to FIDD’s Market Role
Fidelity says FIDD is designed to maintain a 1:1 value with the U.S. dollar. Its terms state that each unit represents a promise by Fidelity Digital Assets to pay the holder $1, subject to redemption requirements and applicable rules.
The reserve structure is also defined in Fidelity’s terms. FIDD reserves may consist of short-term U.S. Treasury obligations, overnight reverse repurchase agreements backed by Treasuries, government money market funds and deposit accounts at eligible U.S. depository institutions.
Fidelity also says the reserves are held in segregated accounts separate from its own operational funds, although the terms note that deposit-account reserves are not eligible for pass-through FDIC insurance for users. Reserve reports are prepared monthly by Fidelity Digital Assets, NA and examined by PricewaterhouseCoopers LLP.
For DeFi users, the immediate takeaway is that FIDD now has visible Uniswap V3 liquidity against USDC and USDT. For the broader market, the more important question is whether that liquidity deepens beyond the initial pools and becomes part of sustained stablecoin routing rather than a limited deployment.
At this stage, the strongest confirmed reading is narrow. Fidelity has issued a regulated, Ethereum-based dollar stablecoin with disclosed reserve and redemption mechanics, while Uniswap has announced live FIDD pools. What remains unconfirmed is the full scope of Fidelity’s DeFi distribution strategy, including whether future liquidity will expand across more protocols, venues or institutional workflows.