15+ Blockchains Support
DISCLAIMER: Stably Corporation (“Stably”) is a blockchain and financial technology service provider, not a bank, with a registered address at 16912 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 no. 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 SEC-qualified custodian with license no. TR10035 and a registered address at 330 S Rampart Blvd Suite 260, Las Vegas, NV 89145, USA. PT utilizes Fireblocks LLC (“Fireblocks”), an institutional wallet technology provider, to provide digital asset custody support. Fireblocks is a FinCEN registered MSB with registration no. 31000187180862 and a registered address at 221 River St., 9th Floor, Hoboken, NJ 07030, USA. Blockchain-connected products/services offered by Stably and ST (or offered by others using Stably’s solutions) are built on top of PT’s infrastructure through manual and API integrations, leveraging their 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), and compliance services.
Stably USD (also known as “Stably Dollar” or “USDS”) is a multi-blockchain US Dollar (USD) stablecoin backed with USD held in a trust (“USDS Trust”) managed by PT for the benefit of USDS token holders (“USDS Holders”) and PT is the USDS Trust’s regulated trustee. PT is the regulated CVC administrator of USDS and other stablecoins collateralized by the USDS Trust, including VeChain USD (also known as “VeChain USDS” or “VeUSD”). Every USDS and USDS Trust-based stablecoin can be minted/redeemed 1-to-1 with USD according to Stably’s Terms of Service, minus fees. PT is not an FDIC-insured entity but does deposit trust funds only with FDIC-insured banks. USDS tokens themselves are not FDIC-insured.
Stably BTC (also known as “Stably Bitcoin” or “BTCS”) is a multi-blockchain Bitcoin (BTC) wrapped token backed with BTC held in a trust (“BTCS Trust”) managed by PT for the benefit of BTCS token holders (“BTCS Holders”) and PT is the BTCS Trust’s regulated trustee. ST is the regulated CVC administrator of BTCS and other wrapped tokens collateralized by the BTCS Trust. Every BTCS and BTCS Trust-based wrapped token can be minted/redeemed 1-to-1 with BTC according to ST’s Terms of Service, minus fees.
Stably ETH (also known as “Stably Ethereum” or “ETHS”) is a multi-blockchain Ethereum (ETH) wrapped token backed with ETH held in a trust (“ETHS Trust”) managed by PT for the benefit of ETHS token holders (“ETHS Holders”) and PT is the ETHS Trust’s regulated trustee. ST is the regulated CVC administrator of ETHS and other wrapped tokens collateralized by the ETHS Trust. Every ETHS and ETHS Trust-based wrapped token can be minted/redeemed 1-to-1 with ETH according to ST’s Terms of Service, minus fees.
Stably Prime and Stably Ramp are self-directed custodial accounts (“Stably Accounts”) that enable the account holder (“Stably User”) to custody assets, transfer funds, mint/redeem stablecoins and wrapped tokens, and buy/sell stablecoins and cryptocurrencies. Custody support for Stably Accounts (provided by PT) includes both USD and digital assets. Digital assets in Stably Accounts are held by PT with Fireblocks and are not FDIC-insured. Only USDS Holders, BTCS Holders, ETHS Holders, and Stably Users verified by PT for compliance with their Terms of Service are allowed to deposit/disburse, mint/redeem, and/or buy/sell funds and assets with the USDS Trust, BTCS Trust, ETHS Trust and/or Stably Accounts. Third-party deposits into Stably Accounts are prohibited while third-party disbursements from Stably Accounts are allowed. PT, Stably, and ST reserve the right to deny, suspend or terminate anyone’s participation in the USDS Trust, BTCS Trust, ETHS Trust, and/or usage of Stably Accounts if either PT, Stably and/or 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/sell any security, commodity, cryptocurrency, digital asset, or any other financial instrument or asset. Cryptocurrencies, digital assets, and investing have many risks, including risk of losses beyond principal investment or purchase amount. Past performance is not indicative of future results. Investing, purchasing, and transacting in cryptocurrencies and digital assets carry a high level of risk and may not be suitable for all individuals. Before deciding to invest in cryptocurrencies and digital assets, you should carefully consider your objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss that may exceed your initial investment or purchase amount and therefore you should not invest money or purchase cryptocurrencies or digital assets in any amount that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency/digital asset investing, purchasing, and transacting and seek advice from an independent licensed financial advisor.
© Stably Corporation
