Whonix Live version have persistent storage?

I will install the live version of whonix on my USB memory stick, but I don’t have a USB memory right now, so I’m writing my question here.
Does the live version of Whonix have persistent storage?
I want to encrypt and store my confidential files on my USB memory.
If there is persistent storage, I want to encrypt it and I can do that, right?

No.

Yes.

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