Accounts
Stablecoin Account
A digital-dollar custody account for settlement, treasury, and payments
Key takeaways
- Holds regulated, fiat-backed stablecoins — tokens pegged 1:1 to the U.S. dollar and backed by reserves.
- Built for fast, always-on, low-cost settlement and treasury — not tax-advantaged retirement saving.
- Stablecoins are held through qualified custody in the account’s name; you don’t hold the private keys.
What it is
A digital-dollar custody account for settlement, treasury, and payments. The account is a structure; the investments it holds are separate and carry their own risks.
How it works
- Open a stablecoin custody account and complete identity and compliance verification.
- Fund it by transferring eligible stablecoins or converting cash.
- Send, receive, hold, or convert digital dollars from the account.
Eligibility
Available to eligible individuals and entities that clear identity and compliance checks.
Contributions and funding
Funded by eligible stablecoin transfer or cash conversion; no retirement-style contribution limits.
What it can hold
Regulated, fully-reserved, fiat-backed stablecoins supported by the platform, and associated cash balances.
Taxes and reporting
Converting, spending, or earning yield on stablecoins can be a taxable event — the IRS treats digital assets as property. Requires tax review
Withdrawals and distributions
No retirement restrictions; balances can be sent or converted at any time, subject to compliance checks.
Risks and limitations
- De-peg risk if an issuer’s reserves fall short or confidence breaks
- Issuer, custody, and smart-contract risk
- Regulatory change under a new federal framework
- Not a bank deposit and not FDIC-insured
Frequently asked questions
Is a stablecoin the same as a bank dollar?
No. It’s a token an issuer promises to redeem for a dollar, backed by reserves — not an insured bank deposit.
Which stablecoins are supported?
Regulated, fully-reserved, fiat-backed stablecoins the platform supports; availability depends on the custodian.
Can I earn yield on the balance?
Where offered and permitted — yield arrangements carry additional risk and tax consequences.
Educational only. This page is general information, not individualized investment, legal, or tax advice. Rules depend on your account type, transaction, tax year, and circumstances — consult a qualified professional.