USAT official website statement: It is not a legal currency in the United States and is not protected by insurance from any government agency.

According to BlockBeats, on September 13, the official website of the USAT issued an important reminder that USAT is not a legal currency and will not be issued, supported, approved or guaranteed by the US government. USAT is not covered by the Federal Deposit Insurance Company (FDIC), Securities Investor Protection Company (SIPC), or any other government agency. This website is published by Tether Operations, S.A. de C.V. and is for informational reference only. Tether Operations, S.A. de C.V. is not the issuer of USAT. The issuer of USAT will be Anchorage Digital Bank, N.A.