Is my USD Digital (previously USD PAX) balance backed up by my backup phrase?

Yes! If you’ve written down and stored your wallet’s 12-word backup phrase, you’re good to go. Because USD Digital is an ERC20 token, you will receive it to your regular ethereum address. The private key of your ethereum address is what grants you ownership of your USD Digital balance, along with your ether.

If you haven’t yet backed up your wallet, head over to your Security Center to do it now. Your backup phrase acts as a failsafe, ensuring that you can always access your funds. This guide can walk you through the process.

Please note, iOS and Android users of the Wallet will still see 'USD PAX' in the app until the next update.

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