80% of funds held in the Crypto Bucket are FDIC insured up to $250,000 through Evolve Bank & Trust.
The remaining 20% is held in USDC. While some cryptocurrencies like Bitcoin, Ethereum, or Dogecoin are famously known for their volatility, Yotta converts your money to USDC stablecoins, which are pegged 1:1 with the US dollar, issued by Circle and Coinbase and attested regularly by an independent auditing firm to ensure the reserves are held properly. There is over $45B in USD in circulation, growing quickly.
Additionally, we only work with reputable and trusted providers through Wyre and their institutional partners. Billions of dollars are currently managed by our partners, so you can be sure that your funds are always in good hands.
Over $100 billion is currently being managed in the decentralized finance space. As the DeFi ecosystem is reliant on the smart contracts these processes operate on, we are happy to partner with the best companies offering solutions in this space.