New USD Wallet just enabled on Coindesk

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My coindesk account just added a USD Wallet. This is very interesting to make it easier to store fiat funds on coindesk. It's also interesting in that it comes with a ledger like public address where presumably i could send USD funds to somebody else a la a wire transfer.

Is this a blockchain? Does anybody know exactly how these USD wallets work?

They have also enabled GDAX access from my coinbase account, which i think is a big plus as well

New USD Wallet just enabled on Coindesk | Ecency