USAT website discloses an important reminder: USAT is not protected by insurance from institutions such as the Federal Deposit Insurance Corporation.

Huoxun Finance reported on September 13th that the US dollar stablecoin USAT (USDT) website discloses important information: USAT is not legal tender (as defined under 31 U.S.C. Section 5103) and is not issued, backed, approved, or guaranteed by the U.S. government. USAT is not insured by the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other government agency. The USAT website is published by Tether Operations, SA de CV, for informational purposes only. Tether Operations, SA de CV is not the intended issuer of USAT; the issuer will be Anchorage Digital Bank, NA.