The US dollar stablecoin USAT is not insured by the Federal Deposit Insurance Corporation (FDIC) or any other government agency, according to a disclosure on its website. USAT is also not considered legal tender under U.S. law and is not issued, supported, or guaranteed by the U.S. government. The website, published by Tether Operations, SA de CV, clarifies that Anchorage Digital Bank, NA will be the issuer of USAT, not Tether Operations.
USAT Stablecoin Not Insured by FDIC or Backed by U.S. Government
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