$2.85 -0.61%
NEXO · 1w

Are Fiat currency deposits insured? Alternative to USD deposit?

Being from the US, we cannot deposit USD directly unlike EUR and GBP. I have two questions. 1) Are fiat deposits insured by Nexo? Are there differences in any type of insurance from the stablecoin counterparts? 2) Is it possible for US residents to somehow convert USD to EUR or GBP, and "deposit" those as fiat? If so, what's the best way to do that? ​ My objective is to take the most risk-averse route to gain insured interest from fiat deposits (or stablecoins if more appropriate). ​ Thanks!
Go to self.Nexo
Recent news