FiatDesk is a financial technology company, not a bank. FiatDesk does not accept deposits, and funds held or moved through FiatDesk are not insured by the FDIC or any other government deposit insurance scheme. Stablecoins and other digital assets are not legal tender and are not backed by any government. Their value can fluctuate, a stablecoin can lose its peg to its reference asset, and blockchain transactions are irreversible. Services are subject to eligibility, verification and applicable law, and may not be available in all jurisdictions.