DISCLAIMER: Stably Corporation (“Stably”) is a blockchain and financial technology service provider, not a bank, with a registered address at 16192 Coastal Hwy, Lewes, DE 19958, USA. Stably Trading LLC (“ST”), a wholly owned subsidiary of Stably, is a FinCEN-registered money service business (MSB) with registration number 31000219855769 and a registered address at 10 E Pearl Ave Suite 200, Jackson, WY 83001, USA. Stably provides technology and services to ST and Prime Trust LLC (“PT”), a state-chartered trust company and qualified custodian with license number TR10035 and a registered address at 330 S Rampart Blvd Suite 260, Las Vegas, NV 89145, USA. PT utilizes Fireblocks LLC (“Fireblocks”), an institutional MPC wallet provider, to provide digital asset custody support. Fireblocks is a FinCEN-registered MSB with registration number 31000187180862 and a registered address at 221 River St, 9th Floor, Hoboken, NJ 07030, USA.
Blockchain-connected products and services offered by Stably and ST are built on top of PT’s infrastructure via manual and automated integrations, leveraging its financial services including (but not limited to) traditional and digital asset custody, trading, payments, escrow, trustee, convertible virtual currency (CVC) administration—as defined by FIN-2013-G001—plus Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance services. PT is not an FDIC-insured institution but it works with FDIC-insured custodian banks to hold US Dollar (USD). Digital assets held by PT with Fireblocks are not FDIC-insured.
Stably Prime and Stably Ramp are self-directed custodial accounts (“Stably Accounts”) that enable the KYC/AML-verified account holder (“Stably User”) to custody assets, deposit or disburse funds, buy or sell digital assets, and mint or redeem stablecoins and wrapped tokens. Custody support for Stably Accounts (provided by PT) includes both USD and digital assets. Only Stably Users who are verified by PT, Stably, and ST for compliance with its terms and policies are allowed to deposit or disburse, mint or redeem, and buy or sell funds and assets in Stably Accounts. Deposits and disbursements to/from Stably Accounts to third parties other than the account holder are prohibited.
Stably USD (also known as “Stably Dollar” or “USDS”) is a multi-chain US Dollar stablecoin backed with USD held in a collateral account managed by PT for the benefit of KYC/AML-verified holders of USDS and its white-label versions, including “VeUSD” (“USDS Holders”). PT is the collateral account’s regulated trustee. PT is also the CVC administrator of USDS and its white-label versions. PT may only place USD funds in the collateral account with FDIC-insured banks or in short-term US Treasury instruments. USDS and its white-label versions are not FDIC-insured. Every USDS token, including its white-label versions, may be minted or redeemed 1-to-1 with USD according to Stably’s terms of service, minus fees, through a Stably Account.
Stably BTC (also known as “Stably Wrapped Bitcoin” or “BTCS”) is a cross-chain Bitcoin (BTC) wrapped token fully backed with BTC held in a PT collateral account managed by ST for the benefit of KYC/AML-verified holders of BTCS (“BTCS Holders”). ST is the CVC administrator of BTCS. Every BTCS token may be minted or redeemed 1-to-1 with BTC according to ST’s terms of service, minus fees, through a Stably Account.
Stably ETH (also known as “Stably Wrapped Ethereum” or “ETHS”) is a cross-chain Ethereum (ETH) wrapped token fully backed with ETH held in a PT collateral account managed by ST for the benefit of KYC/AML-verified holders of ETHS (“ETHS Holders”). ST is the CVC administrator of ETHS. Every ETHS token may be minted or redeemed 1-to-1 with ETH according to ST’s terms of service, minus fees, through a Stably Account.
PT and Stably/ST reserve the right to deny, suspend or terminate anyone’s usage of Stably Accounts, USDS, BTCS, ETHS, and their white-label versions, if either PT or Stably/ST deems it advisable or necessary to comply with applicable laws or to eliminate practices that are not consistent with laws, rules, regulations, or best practices.
Nothing contained herein shall be considered financial advice or recommendation to buy or sell any security, commodity, cryptocurrency, digital asset, or any other financial instrument or asset. Cryptocurrencies, digital assets, and investing have many risks, including the risk of losses beyond the principal investment or purchase amount. Past performance is not indicative of future results. You should be aware of all the risks associated with cryptocurrency and digital asset investing, purchasing, and transacting and seek advice from an independent licensed financial advisor.