Not FDIC Insured.  Deposits in USD or fiat held by BankWyse are not required to be insured by the FDIC.  BankWyse is a Special Purpose Depository Institution (SPDI) with regulatory requirements to ensure the safety and soundness of the institution. Therefore fiat deposits are not required to be insured by the FDIC.  Deposits held by BankWyse will not be fractionalized and loaned out to other customers, and are therefore safely held in the bank.  Wyo. Stat. § 13-12-108