Is this a bank account? Is my money insured?
Published:
No. The wallet is not a bank account, and balances are not FDIC-insured like a bank deposit. Your money is held in digital dollars (stablecoins) designed to stay pegged to the US dollar, in a wallet only you can unlock with your fingerprint or face. USAT is issued by Anchorage Digital Bank and is backed 1:1 by cash or cash equivalents.
