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Digital dollars, or USDC, is the world’s fastest-growing, fully regulated dollar Stablecoin. USDC is fully backed by cash and short-dated U.S. government obligations. This means USDC is always redeemable 1:1 for U.S. dollars. The company that makes USDC is a licensed money transmitter in 46 U.S. states, plus Washington, D.C. and Puerto Rico.
All digital assets are held in BitGo’s qualified, insured cold storage custody at BitGo Trust. All assets held in BitGo’s qualified custody are covered by BitGo’s $250 million insurance policy.
BitGo Trust Company is a regulated Trust Company under the Division of Banking in South Dakota. All cold storage assets are held in segregated accounts, insured and secured by BitGo’s battle-tested and peer-reviewed multi-signature security.
BitGo Trust is regularly audited by a governing body and required to meet rigorous standards for capitalization, anti-money laundering procedures, confidentiality, auditing, reporting, and storage.
Yes! You can withdraw money from Sats App anytime you want. Your digital dollars will be changed to Naira at the stated parallel market.
Yes! You get up to 1% per annum on your Sats App balance. Please note, interest rates are determined by the financial markets and can change at any time