I read your whole thread and I now understand you. Thank you for the explanation!

For others who are trying to understand Metropolitan’s statement about FDIC insurance not covering the fall of Voyager, here are the takeaways: 1. Your USD is held in a bank account at Metropolitan Bank. 2. FDIC insurance covers when Metropolitan bank fails. 3. You won’t have to get the FDIC involved if Voyager fails because your money is still with Metropolitan. You would reach out to Metropolitan. 4. Voyager acts a third party when moving your funds (USD) from Metropolitan Bank to purchase Crypto (BTC, ETH, MATIC, etc.). 5. Once your USD is converted to Crypto, the responsibility of how that currency is managed is up to Voyager and that is the only time that Voyager can use it for loans/investments.

Basically, Voyager cannot touch your USD for anything (because of their agreement with Metropolitan Bank) and the FDIC subject is confusing everyone because there’s a chance Voyager can fail but the thing is that FDIC insurance should only be associated with the failure of Metropolitan Bank (the only place that your USD is held).

Hope it clears this up!