STBL Protocol Terms and Conditions
Last Updated Date: 12-Sep-2025
1. INTRODUCTION
Welcome to STBL, operated by Pi Technologies Ltd, a company incorporated in the British Virgin Islands (BVI) (“Company,” “we,” “us,” or “our”). We operate a decentralized, non-custodial protocol designed to enable users to mint, hold, and utilize stablecoins and related digital assets, including USST and YLD, which are backed by real-world yield-generating assets.
These Terms and Conditions (“Terms”) constitute a legally binding agreement between you (“User,” “you,” or “your”) and STBL. They govern your access to and use of:
our websites, documentation, dashboards, and communication channels;
our decentralized application (the “DApp”);
associated smart contracts deployed on public blockchains; and
any other tools, features, or services made available by us from time to time (collectively, the “Services”).
By accessing, connecting your digital wallet to, or otherwise interacting with our Services, you acknowledge that you have read, understood, and agree to be legally bound by these Terms. If you do not agree, you must not use or access the Services.
Please note:
The Services are decentralized and non-custodial, meaning you retain full control of your digital assets and private keys at all times. We do not hold, manage, or have the ability to recover your assets.
Your use of the Services may also be subject to our Privacy Policy, Risk Disclosures, and any other protocol-specific rules, guidelines, or governance decisions, which are incorporated herein by reference.
You are solely responsible for ensuring that your use of the Services complies with all applicable laws and regulations in the jurisdictions where you reside or conduct business.
If you are entering into these Terms on behalf of an entity, you represent and warrant that you are duly authorized to bind that entity to these Terms.
2. DEFINITIONS
For the purposes of these Terms, the following capitalized terms shall have the meanings set out below. Other terms may be defined elsewhere in these Terms and shall have the meanings so assigned.
For purposes of this Privacy Policy, the term “personal data” refers to information relating to an identified or identifiable natural person. The broader term “data” may include both personal data and non-personal information (such as anonymised statistics or aggregated blockchain metrics).
“Account” means the digital wallet or blockchain address you connect to the Services in order to access and interact with STBL smart contracts.
“Collateral” means the assets, real-world assets (“RWAs”) or tokenized representations thereof deposited into the Protocol to support the issuance of USST and YLD.
“Company” or “STBL” means the decentralized protocol operated and maintained by the entity established under the laws of the British Virgin Islands, including its affiliates, contractors, and authorized representatives, where applicable.
“DApp” means the decentralized application accessible at https://dapp.stbl.com or any successor domain, through which users may access the Services
“Development Reserve” means a dedicated pool funded from Protocol Fees to support ongoing research, development, and operations of the Protocol.
“Fee” or “Protocol Fee”means any charge, deduction, or allocation imposed by the Protocol in connection with the minting, redemption, staking, or yield distribution of Tokens, as more fully described in Section 7.
“Force Majeure Event” means any event beyond the reasonable control of STBL that prevents or delays performance of obligations, including but not limited to natural disasters, war, civil unrest, cyberattacks, regulatory action, or technological failures.
“Governance Token” or “STBL” means the governance token of the Protocol, which grants holders the ability to propose and vote on governance matters, including, but not limited to, risk parameters, collateral standards, upgrades, and allocation of treasury funds.
“Haircut” means the percentage deduction applied to the notional value of Collateral to reflect market, credit, liquidity, and operational risks, as determined in accordance with the Protocol’s risk management framework.
“Loss Reserve” means a dedicated pool funded from Protocol Fees to absorb potential defaults or losses from Collateral.
“Minting” means the creation of new USST and YLD tokens through the deposit of approved RWAs into the Protocol in accordance with the applicable smart contract functions.
“Over-Collateralization” means the requirement that the value of Collateral deposited into the Protocol exceeds the value of Tokens issued, calculated after application of applicable “Haircuts” as determined by governance or risk management policies.
“Protocol” means the decentralized set of smart contracts, rules, and governance mechanisms deployed and operated under the name “STBL,” through which Users may mint, redeem, and interact with Tokens, deposit or withdraw Collateral, and otherwise access the Services.
“Redemption” means the process by which Users return both USST and YLD to the Protocol in order to withdraw the underlying Collateral, resulting in the burning of USST and marking of YLD as redeemed.
“Real-World Assets” or “RWAs” means tokenized representations of off-chain financial instruments or assets, including, without limitation:
U.S. Treasury Bills (USTs);
Money Market Funds;
Insurance Industry Assets (IIAs);
Private Credit Instruments; and
any other assets approved by governance or authorized by the Protocol.
“Services” means the collective services, features, software, interfaces, smart contracts, and tools made available by STBL, including, without limitation, the Website, the DApp, and related blockchain-based functionalities.
“Smart Contracts” means the self-executing software programs deployed on one or more blockchains that govern the creation, transfer, and redemption of Tokens and related functions of the Protocol.
“Stablecoin” means a digital asset designed to maintain a stable value relative to a reference asset or currency, in this case, the United States Dollar (USD).
“Token(s)” means, collectively, USST, YLD, STBL, and any other digital tokens issued, supported, or recognized by the Protocol.
“Treasury” means the protocol-level reserve that receives and allocates Fees, including allocations to the Development Reserve, Loss Reserve, and other pools established by governance.
“USST” means the ERC-20/ERC-4626 compliant fully collateralized stablecoin pegged 1:1 to the United States Dollar (USD), minted and redeemed against approved RWAs.
“Website” means https://stbl.com, https://docs.stbl.com, https://dapp.stbl.com , and any related domains, subdomains, or interfaces maintained by STBL.
“YLD” means the ERC-721 compliant non-fungible, yield-bearing token issued upon deposit of Collateral, representing the right to receive yield or interest generated by such Collateral.
3. INTERPRETATIONS
STBL reserves the right to amend, modify, or update these Terms at any time, at its sole discretion, by posting the revised version on the Website. Such amendments shall be effective as of the “Last Updated Date” stated at the top of these Terms. You are responsible for reviewing these Terms periodically. Continued access to or use of the Services after the “Last Updated Date” shall constitute your acceptance of the revised Terms.
These Terms, together with the Privacy Policy [insert privacy policy link] and any additional policies, rules, or guidelines published on the Website, constitute the entire agreement between you and STBL with respect to your use of the Services. These Terms supersede and extinguish all prior or contemporaneous agreements, understandings, negotiations, or representations, whether written or oral, relating to the subject matter hereof.
The section headings and subheadings used in these Terms are for reference and convenience only. They shall not affect the meaning, construction, or interpretation of any provision of these Terms.
Unless expressly stated otherwise:
Words importing the singular include the plural and vice versa;
Words importing gender include all genders; and
The terms “include,” “includes,” or “including” shall be interpreted on an inclusive basis and deemed to be followed by the phrase “without limitation.”
4. SERVICES AND USAGE
Nature of Services: The Services enable Users to interact with the STBL Protocol, including, without limitation:
minting of USST, a fully collateralized stablecoin pegged to the United States Dollar;
minting of YLD, a non-fungible token representing the right to receive yield from deposited Collateral;
redeeming Collateral by returning USST and YLD to the Protocol, resulting in the burning of USST and marking YLD as redeemed;
participating in Protocol governance through the holding and exercise of rights attached to the Governance Token (STBL).
Non-Custodial
The Services are decentralized and non-custodial. At all times, you retain full control over your digital assets through your blockchain wallet. STBL does not hold, manage, or recover private keys, seed phrases, or wallet credentials. All transactions are executed directly through smart contracts deployed on the blockchain and cannot be altered, reversed, or cancelled once submitted.
Permissible Use
You agree to use the Services solely for lawful purposes and in accordance with these Terms. Without limiting the generality of the foregoing, you shall not:
use the Services in violation of any applicable laws or regulations, including those relating to financial services, money transmission, securities, commodities, or sanctions;
interfere with, disrupt, or exploit the Services or Smart Contracts, including through malicious code, denial-of-service attacks, front-running, or similar activities;
conceal or transfer proceeds of unlawful activity, including money laundering or terrorist financing;
conceal or transfer proceeds of unlawful activity, including money laundering or terrorist financing;
deploy automated bots, scripts, or similar technologies to interact with the Services except where explicitly permitted;
create, mint, redeem, or otherwise use Tokens in a manner designed to manipulate markets, misrepresent Collateral value, or circumvent Protocol limits and haircuts; or
attempt to gain unauthorized access to any smart contracts, systems, or accounts associated with the Services.
Protocol Discretion and Governance
The Protocol is governed through decentralized governance processes, and its parameters may be modified, upgraded, or suspended at any time, including, without limitation:
collateral eligibility criteria;
over-collateralization requirements and haircuts;
fees, rewards, or yield distribution mechanisms; and
smart contract upgrades, audits, or security patches.
STBL reserves the right, in its sole discretion or as directed by governance, to restrict or suspend access to certain Services if required for security, compliance, risk management, or protocol maintenance.
No Guarantee of Outcomes
You acknowledge that while the Protocol is designed to maintain stability and generate yield through tokenized RWAs, STBL does not guarantee:
that USST will maintain its intended peg;
the continued generation of yield or distribution of rewards;
the liquidity or availability of Collateral or Tokens; or
uninterrupted or error-free operation of the Services.
5. ACCOUNT SETUP
The Services operate on a non-custodial basis. STBL does not create or maintain user accounts in the traditional sense. Instead, your access to the Services is facilitated solely through the connection of a compatible blockchain wallet that you control.
Wallet Connection
To interact with the Services, you must connect a digital wallet that supports the applicable blockchain standards (including ERC-20, ERC-721, and ERC-4626).
You are solely responsible for ensuring that your chosen wallet is properly configured, secure, and compatible with the Services.
STBL does not endorse or guarantee the security or functionality of any third-party wallet providers.
Control and Security
You are solely responsible for safeguarding your private keys, seed phrases, passcodes, and other credentials associated with your wallet.
STBL does not have access to, and cannot recover, your wallet, private keys, or any assets held therein.
You agree that all transactions initiated through your connected wallet shall be deemed authorized by you, and STBL shall have no liability for unauthorized, mistaken, or fraudulent transactions.
Accuracy of Information
Where the Services require you to provide information (including for compliance or communication purposes), you agree that all information provided is complete, accurate, and current. You are responsible for promptly updating such information if it changes.
Compliance Checks
STBL reserves the right, where applicable or required by law, to request additional information, documentation, or verification from you in order to ensure compliance with anti-money laundering (AML), counter-terrorism financing (CTF), sanctions, or other regulatory requirements. Failure to provide such information may result in suspension or denial of access to the Services.
Third-Party Integrations
The Services may be accessed or used in connection with third-party applications, wallets, exchanges, or interfaces (including, without limitation, MetaMask, WalletConnect, or other decentralized applications).
STBL does not control, endorse, or assume responsibility for any third-party services, products, or content. Your use of such third-party integrations is solely at your own risk and subject to the terms and conditions of the applicable third party.
You acknowledge and agree that STBL shall not be liable for any loss, damage, or other consequences arising out of or relating to your use of, or reliance upon, any third-party service, whether or not such integration is used in conjunction with the Services.
6. OVER-COLLATERALIZATION & RISK CONTROLS
Collateralization Standards
The Protocol is designed to be over-collateralized. Real-World Assets (“RWAs”) deposited as Collateral are subject to valuation adjustments (“Haircuts”) based on, among other factors, credit quality, asset, liquidity, duration, and issuer profile. These Haircuts are applied to ensure that minted USST remains fully collateralized at all times.
Risk-Based Adjustments
The Protocol may, at its discretion or through governance, adjust Haircuts, impose minting or redemption caps, or temporarily suspend vault operations in order to mitigate risks, including but not limited to volatility, default, or systemic disruption in underlying RWAs.
Reserves and Safeguards
The Protocol may, at its discretion or through governance, adjust Haircuts, impose minting or redemption caps, or temporarily suspend vault operations in order to mitigate risks, including but not limited to volatility, default, or systemic disruption in underlying RWAs.
No Guarantee
Neither the Company nor the Protocol guarantees the future value, liquidity, or redemption of any Token, or the adequacy of collateralization under stressed market conditions.
7. FEES AND REVENUE DISTRIBUTION
Protocol Fees
A protocol fee equal to twenty percent (20%) of all yield generated from RWAs is automatically deducted at distribution.
Allocation of Fees
Protocol fees shall be allocated as follows:
Development Reserve – used to fund platform operations, development, and ecosystem enhancement;
Loss Reserve Pool – set aside to mitigate potential defaults, losses, or impairments in RWAs; and
Rewards Pool – allocated to Users participating in USST staking or lockup programs, with enhanced rewards provided to Users committing to longer lock-up periods.
Governance Adjustments
The allocation percentages and fee structure may be modified by governance decisions, protocol upgrades, or risk management requirements.
No Entitlement
Users acknowledge that the accrual or distribution of yield, rewards, or reserves is not guaranteed, may fluctuate, and may be modified, suspended, or discontinued at any time.
8. AUDITS & SMART CONTRACTS
Smart Contract Architecture
The Protocol operates through a system of modular and upgradeable smart contracts deployed primarily on the Ethereum blockchain (or such other networks as may be determined from time to time). The design of the smart contracts allows for upgrades, parameter adjustments, and governance-directed modifications.
Governance of Upgrades
Any material change or upgrade to the smart contracts shall be subject to governance processes, including submission of proposals, community deliberation, and approval in accordance with the applicable governance framework.
Compliance Features
The smart contracts may incorporate features, including whitelisting and blacklisting functions, in order to enable or restrict access to certain Users. These compliance features are designed to support institutional usage, regulatory obligations, and lawful operation of the Services.
Audits and Reviews
The smart contracts may be subject to independent third-party security audits prior to initial deployment and following material modifications.
Users acknowledge and agree that, notwithstanding such audits, no smart contract code can be guaranteed to be free from vulnerabilities, bugs, exploits, or other defects.
User Acknowledgment
By interacting with the Protocol, Users accept the inherent risks associated with smart contracts, including but not limited to code vulnerabilities, potential exploits, and unintended consequences of upgrades or governance changes. STBL disclaims any liability for losses resulting directly or indirectly from such risks.
9. USER RESPONSIBILITIES
Self-Custody & Security
You acknowledge that the Services are non-custodial. You are solely responsible for safeguarding your wallet, private keys, seed phrases, passcodes, and any hardware or software used to access the Services. STBL cannot access, reset, or recover your credentials or assets and bears no liability for any loss arising from compromised devices, phishing, SIM-swaps, malware, or poor key management.
Wallet Configuration & Approvals
You are responsible for (a) selecting and maintaining a compatible wallet; (b) verifying contract addresses and transactions before signing; and (c) managing token allowances/approvals you grant to the Protocol or third parties. You should periodically review and, if appropriate, revoke approvals. Any action taken from your wallet is deemed authorized by you.
Network Selection, Gas & Fees
You are responsible for choosing the correct blockchain network and paying all network (gas) fees. Gas estimates are not guaranteed and may change. Failed, stuck, or reverted transactions may still consume gas; STBL is not responsible for any such costs or delays.
Transaction Finality & Irreversibility
Blockchain transactions are typically irreversible once confirmed and may be affected by mempool conditions, re-orgs, or network congestion. You must verify all details (recipient, amounts, parameters) prior to submission. STBL cannot cancel, modify, or reverse transactions.
Accuracy of Information
Where the Services request information (e.g., for compliance or communication), you must provide true, accurate, current, and complete information and promptly update it when it changes. You are responsible for maintaining up-to-date contact details for notices delivered under these Terms.
Compliance with Laws & Sanctions
You are solely responsible for ensuring that your use of the Services complies with all applicable laws, regulations, and sanctions regimes. You must not use the Services if you are a prohibited person or to benefit any prohibited person, and you must not use technologies or techniques (including IP masking or similar) to circumvent geo-blocking or eligibility restrictions.
Taxes & Reporting
You are solely responsible for all tax, accounting, and reporting obligations arising from your activities (including minting, redeeming, earning, receiving, transferring, or disposing of Tokens). STBL does not provide tax, legal, or accounting advice and makes no representation regarding tax treatment.
Monitoring Balances, Positions & Actions
You are responsible for monitoring your wallet balances, token holdings (including USST and YLD), rewards, lockups, maturity or redemption events, and any protocol changes that may affect you. You must take timely actions you deem necessary (e.g., claim, redeem, adjust approvals) and accept that failure to act may result in loss or missed rewards.
Software, Firmware & Updates
You must maintain updated and secure software, firmware, and devices used to access the Services. The Protocol may introduce changes or upgrades; continuing to use the Services after such changes constitutes acceptance. You are responsible for ensuring ongoing compatibility of your tools with the Protocol.
Forks, Airdrops & Unsupported Assets
The Protocol and/or Company has no obligation to support any network fork, airdrop, re-issuance, or derivative of any Token or blockchain. You bear all risks associated with forks or unsupported assets, including loss of functionality or value.
Data, Pricing & Oracles
You understand that the Protocol may rely on internal logic and/or external data sources, price feeds, or oracles. Displayed values, yields, or prices may be delayed, approximate, or incorrect. You should not rely on displayed information as definitive; you bear the risk of data inaccuracies or oracle malfunction.
Records & Backups
You are responsible for maintaining your own records and backups of wallet credentials, transaction histories, tax documents, and any other data you may require. STBL has no obligation to store, maintain, or provide copies of your data.
Responsible Disclosure
If you believe you have discovered a vulnerability, you agree to make a good-faith, time-boxed effort to notify STBL through its official communication channels and to refrain from public disclosure or exploitative use until a reasonable remediation period has elapsed. Nothing herein creates a bounty or payment obligation.
Assumption of Risk
You interact with the Services at your own risk. You are responsible for understanding how the Protocol works, including smart-contract operation, token mechanics, Haircuts, fees, and the implications of upgrades, forks, or governance changes. STBL does not assume custody of your assets and does not guarantee peg stability, yields, liquidity, or uninterrupted functionality.
10. INTELLECTUAL PROPERTY
All rights, title, and interest in and to the Services, including but not limited to the software, user interfaces, algorithms, design elements, graphics, trademarks, service marks, logos, content, and any other proprietary technology or materials made available by STBL (collectively, the “Intellectual Property”), are and shall remain the exclusive property of STBL or its licensors. This includes all enhancements, modifications, improvements, and derivative works, regardless of any feedback or suggestions you may provide. Nothing in these Terms shall be construed as transferring any ownership rights to you or any third party.
Subject to your compliance with these Terms, STBL grants you a limited, revocable, non-exclusive, non-transferable, and non-sublicensable license to access and use the Services solely for your personal and lawful purposes. Any use of the Services or the Intellectual Property not expressly permitted under these Terms is strictly prohibited.
You shall not, directly or indirectly, do any of the following without the prior written consent of STBL:
Copy, Modify, or Create Derivatives: Copy, reproduce, adapt, translate, modify, or create derivative works of the Services or Intellectual Property.
Distribute or Transfer: Distribute, lease, assign, rent, sublicense, sell, loan, or otherwise transfer the Services or any component thereof to third parties.
Reverse Engineer: Reverse engineer, decompile, disassemble, or attempt to derive the source code, algorithms, or underlying technology of the Services, except to the limited extent permitted by applicable law notwithstanding this restriction.
Unauthorized Access or Use: Use the Services for any purpose not expressly authorized, including commercial exploitation, automated scraping, data mining, or any activity intended to extract or misuse data.
Removal of Proprietary Notices: Remove, obscure, or alter any copyright, trademark, or other proprietary notices displayed in or on the Services or related materials.
All trademarks, service marks, trade names, and logos used in connection with the Services, including but not limited to “STBL” and associated logos, are the property of STBL or its affiliates. You may not use such marks in any manner, including for advertising, promotion, or distribution of materials, without the prior written authorization of STBL. Unauthorized use may constitute a violation of applicable intellectual property laws.
Any feedback, ideas, suggestions, or recommendations you provide relating to the Services (“Feedback”) shall be deemed non-confidential and voluntary. STBL shall be free to use, reproduce, disclose, modify, distribute, and otherwise exploit such Feedback without restriction or obligation to you, including without providing compensation, recognition, or attribution. You acknowledge that providing Feedback does not grant you any rights in or to the Services or related Intellectual Property.
All rights not expressly granted to you under these Terms are reserved by STBL and its licensors. No implied licenses or other rights are granted to you with respect to any Intellectual Property. STBL may suspend or terminate your license to use the Services if you breach these Terms.
If you believe that your copyright or other intellectual property rights have been infringed, you may submit a written notice to contact@stbl.com containing the following information:
A physical or electronic signature of the person authorized to act on behalf of the rights holder;
A description of the copyrighted work or intellectual property you claim has been infringed;
Identification of the material claimed to be infringing, and its location within the Services;
Your name, address, telephone number, and email address;
A statement that you have a good-faith belief that the disputed use is not authorized by the rights holder, its agent, or the law; and
A statement, made under penalty of perjury, that the information in your notice is accurate and that you are the owner or authorized to act on behalf of the rights owner.
STBL may take appropriate action in its sole discretion, including removing or disabling access to allegedly infringing material.
11. DISCLAIMERS & LIMITATION OF LIABILITY
The Services, Protocol, Tokens (including USST and YLD), smart contracts, interfaces, and all related content are provided on an “as is” and “as available” basis, without warranties of any kind, whether express, implied, statutory, or otherwise. To the maximum extent permitted by law, STBL expressly disclaims all warranties, representations, or conditions, including but not limited to implied warranties of merchantability, fitness for a particular purpose, title, quiet enjoyment, non-infringement, or that the Services will be uninterrupted, secure, free of errors, or free of harmful components.
Without limiting the foregoing, STBL does not represent, warrant, or guarantee that:
Peg Stability: USST will at all times maintain a 1:1 value relative to USD or any other benchmark;
Yield Continuation: Any yield, return, or reward associated with YLD, staking, lockups, or RWAs will continue, be uninterrupted, or meet any expected rate;
Liquidity: Tokens, vaults, or pools will at all times be sufficiently liquid, accessible, or available for redemption;
Data Accuracy: Any data, analytics, pricing, or oracle outputs displayed through the Services are timely, accurate, or complete;
Protocol Upgrades: Future governance actions, upgrades, or parameter adjustments will not adversely impact your positions or holdings.
The legal status of decentralized protocols, stablecoins, and tokenized RWAs is uncertain in many jurisdictions. You are solely responsible for understanding and complying with applicable laws, including tax, securities, commodities, anti-money laundering, and sanctions obligations. STBL makes no representation regarding the legal classification or treatment of the Tokens or your activities.
No Fiduciary Duties
You acknowledge and agree that STBL does not owe you, and you do not expect, any fiduciary duties or responsibilities. Nothing in these Terms or in your use of the Services creates or implies any advisory, brokerage, trustee, agency, or other fiduciary relationship between you and STBL, its affiliates, or contributors. You alone are responsible for evaluating the risks of interacting with the Protocol and making your own independent decisions.
Limitation of Liability
STBL, its affiliates, service providers, and their respective officers, directors, employees, agents, and representatives shall not be liable for any indirect, special, incidental, consequential, exemplary, or punitive damages, or for lost profits, revenues, data, goodwill, or opportunities, whether arising in contract, tort, strict liability, or otherwise, even if advised of the possibility of such damages.
Some jurisdictions do not allow the exclusion of certain warranties or the limitation/exclusion of liability for certain damages. Accordingly, some of the above disclaimers, exclusions, and limitations may not apply to you. In such jurisdictions, STBL’s liability will be limited to the fullest extent permitted by applicable law.
12. INDEMNIFICATION
Your Obligations
To the maximum extent permitted by law, you agree to indemnify, defend, and hold harmless STBL, its affiliates, contributors, developers, service providers, and their respective officers, directors, employees, contractors, and agents (collectively, the “Indemnified Parties”) from and against any and all claims, actions, proceedings, investigations, demands, liabilities, damages, losses, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to:
Your Use of the Services: Any access to, or interaction with, the Services, Protocol, or Tokens (including USST or YLD), whether or not authorized by you;
Violation of Terms: Your breach or alleged breach of these Terms, including any representations, warranties, or covenants made herein;
Regulatory Breach: Your failure to comply with any applicable laws, regulations, or obligations in your jurisdiction (including tax, securities, commodities, AML, CFT, or sanctions laws);
Unauthorized Access: Any access to your wallet, private keys, or accounts resulting from your acts or omissions;
Third-Party Claims: Any claim brought by a third party in connection with your use of the Services, including but not limited to claims of infringement, misrepresentation, or misuse of the Protocol;
Negligence or Misconduct: Your negligence, fraud, willful misconduct, or misuse of the Services.
13. TERMINATION AND SUSPENSION
Our Rights
We may, in our sole discretion and without prior notice, suspend, restrict, or terminate your access to the Services, in whole or in part, if we reasonably determine that:
it is necessary for security or technical reasons (including vulnerabilities, smart contract exploits, or network disruptions);
it is required to comply with applicable laws, regulations, court orders, or regulatory obligations;
you have breached these Terms or engaged in fraud, misconduct, or misuse of the Services;
a governance decision or protocol upgrade necessitates such suspension or restriction; or
continued access would expose STBL or its affiliates to liability, reputational harm, or regulatory risk.
Effect of Suspension
If your access to the Services is suspended or restricted:
your ability to interact with the Protocol, including minting, redeeming, or transferring Tokens, may be temporarily limited;
suspension does not affect your ownership of digital assets in your self-custodied wallet, but may prevent you from utilizing protocol functions until suspension is lifted;
STBL shall not be liable for any losses, missed opportunities, or damages resulting from your inability to interact with the Services during the suspension period; and
suspension may be lifted or continued at our discretion, depending on the underlying reason for suspension.
Effect of Termination by STBL
If your access to the Services is terminated by us:
you remain solely responsible for redeeming, transferring, or otherwise disposing of any Tokens (including USST, YLD, or other protocol-related assets) in accordance with applicable processes, prior to termination taking effect;
following termination, you may lose all rights to access the Services, and STBL shall have no obligation to restore, reimburse, or facilitate access to Tokens or digital assets via the Protocol;
termination does not relieve you of any obligations accrued prior to termination, including payment of fees, indemnification, or compliance with law; and
provisions of these Terms that by their nature should survive termination (including but not limited to disclaimers, indemnification, and limitation of liability) shall remain in full force and effect.
Voluntary Termination by User
You may stop using the Services at any time by discontinuing interaction with the Protocol and ceasing use of the Website or DApp.
You remain responsible for any obligations or liabilities incurred prior to discontinuing use.
Discontinuing use does not entitle you to any refunds, compensation, or restoration of access.
Your digital assets (including Tokens) remain in your self-custodied wallet and are not affected by your decision to stop using the Services.
Post-Termination:
Provisions of these Terms that, by their nature, should survive termination (including, but not limited to, indemnity, limitation of liability, disclaimers of warranties, and intellectual property rights) shall continue to apply even after termination or suspension.
You remain responsible for any fees, charges, or other obligations incurred prior to the effective date of termination.
14. RESTRICTED JURISDICTIONS
The Services are not offered to, and may not be used by, any individuals or entities who are citizens, residents (including tax residents, lawful permanent residents, or similar status), domiciled in, located in, or accessing the Services from any jurisdiction that is subject to comprehensive sanctions or trade restrictions administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the United Nations Security Council, the European Union/EEA, or the United Kingdom’s Office of Financial Sanctions Implementation (OFSI).
following jurisdictions: Algeria, Bolivia, Morocco, Nepal, Pakistan, Vietnam, Afghanistan, China, Ivory Coast, Cuba, Iraq, Iran, Liberia, North Korea, Syria, Sudan, South Sudan, Zimbabwe, Antigua, American Samoa, Guam, Northern Mariana Islands, Puerto Rico, United States Minor Outlying Islands, US Virgin Islands, Ukraine, Belarus, Albania, Burma, Central African Republic, Democratic Republic of Congo, Libya, Somalia, Yemen, Crimea, Donetsk, Luhask (collectively, “Restricted Jurisdictions”).
By accessing or using the Services, you represent and warrant that you are not:
located in or a resident/citizen of a Restricted Jurisdiction;
subject to, or acting on behalf of a person or entity subject to, sanctions administered or enforced by the United Nations, United States, European Union, United Kingdom, or any other relevant governmental authority; or
attempting to use any means (including VPNs, proxies, or similar technologies) to circumvent geographic restrictions imposed by STBL.
You are solely responsible for ensuring that your access to and use of the Services complies with all applicable laws and regulations in your jurisdiction. STBL makes no representation or warranty that the Services are appropriate, lawful, or available for use in any particular jurisdiction.
Consequences of Breach
If it is determined, or reasonably suspected, that you are accessing or have accessed the Services from a Restricted Jurisdiction, or in violation of applicable sanctions or laws:
STBL may, in its sole discretion and without prior notice, restrict, suspend, or permanently terminate your access to the Services;
you will be deemed to have committed a material breach of these Terms;
STBL shall have no liability to you for any losses, damages, or claims arising from such restriction, suspension, or termination; and
you agree to indemnify and hold harmless STBL, its affiliates, and contributors from any claims, liabilities, or damages arising from your breach of this clause.
STBL reserves the right to update, expand, or amend the list of Restricted Jurisdictions at any time and without notice. You are responsible for reviewing these Terms periodically to ensure ongoing compliance.
NOTICE TO PARENTS AND GUARDIANS: By granting your minor permission to access the Website, you agree to these Terms on behalf of your minor. You are responsible for exercising supervision over your minor’s online activities. If you do not agree to these Terms, do not let your minor use the Website.
15. GOVERNING LAW
These Terms, and all matters or disputes arising out of or in connection with these Terms, the Services, or your use of or access to STBL, including any act or omission related thereto, shall be governed by and construed in accordance with the laws of the British Virgin Islands, without regard to conflict-of-law principles.
16. BINDING ARBITRATION AND CLASS ACTION WAIVER
Any dispute, claim, or controversy (“Claim”) arising out of or relating in any way to these Terms, the Services, or your access to or use of STBL, will be resolved by binding arbitration administered in accordance with the rules of the British Virgin Islands International Arbitration Centre (BVI IAC), except that you may bring qualifying claims in small claims court. Judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction.
YOU AND STBL AGREE THAT EACH PARTY MAY BRING CLAIMS AGAINST THE OTHER ONLY IN AN INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, COLLECTIVE, OR REPRESENTATIVE PROCEEDING.
No arbitrator or judge shall have authority to consolidate claims or preside over any form of class, representative, or collective proceeding.
The arbitrator may award injunctive or equitable relief only in favor of the individual party seeking such relief, and only to the extent necessary to resolve that party’s individual claim.
If a court determines that applicable law precludes enforcement of any part of this Class Action Waiver as to a particular claim, then that claim (and only that claim) may proceed in court, while the remainder shall be resolved through arbitration.
You may opt out of the arbitration and class action waiver provisions by sending written notice of your decision to opt out within thirty (30) days of your first use of the Services. The notice must be sent via email to [email protected] with the subject line: “LEGAL OPT-OUT”. If you do not send such notice within the 30-day period, you will be deemed to have agreed to arbitration and waived the right to participate in any class, collective, or representative proceeding.
If you exercise your opt-out right:
Neither you nor STBL will be bound to arbitrate disputes under this Section; and
Any disputes shall instead be resolved in the courts of the British Virgin Islands, subject to Governing Law clause above.
MISCELLANEOUS
Entire Agreement
These Terms, together with any policies, guidelines, or documentation published or made available by STBL in connection with the Services, constitute the entire agreement between you and STBL. They supersede all prior or contemporaneous agreements, communications, and understandings, whether oral or written, relating to the Services.
Maintenance of Services
Your access to and use of the Services may occasionally be interrupted or limited due to maintenance, updates, upgrades, or repairs initiated by STBL. While STBL will use reasonable efforts to provide advance notice of scheduled maintenance, urgent or emergency maintenance may be performed without prior notice. During such periods, the availability or functionality of certain features of the Services may be temporarily impacted. STBL will seek to minimize disruptions and, where possible, conduct maintenance during off-peak hours.
Waiver
The failure of STBL to enforce any right or provision under these Terms shall not be deemed a waiver of such right or provision. Any waiver of rights must be made in writing and signed by an authorized representative of STBL to be effective.
Severability
If any provision of these Terms is held to be invalid, unlawful, or unenforceable, that provision shall be severed, and the remaining provisions shall continue in full force and effect.
Assignment
You may not assign, delegate, or transfer any rights or obligations under these Terms without the prior written consent of STBL. STBL may freely assign or transfer its rights and obligations under these Terms without restriction, including in connection with a merger, acquisition, corporate reorganization, or sale of assets.
Relationship of the Parties
Nothing in these Terms shall be construed to create a partnership, joint venture, employment, or agency relationship between you and STBL. Both parties act independently, and neither party has authority to bind or obligate the other in any manner.
Force Majeure
STBL shall not be liable for any failure or delay in the performance of its obligations caused by events or circumstances beyond its reasonable control, including but not limited to acts of God, natural disasters, epidemics, acts of terrorism, war, civil unrest, labor disputes, internet or telecommunications failures, power outages, or governmental actions.
Construction
The rule of construction that any contract or term should be interpreted against the drafter shall not apply to these Terms. These Terms shall be interpreted in a fair and reasonable manner consistent with their plain meaning.
Survival
All provisions of these Terms which by their nature are intended to survive termination shall remain in effect, including but not limited to indemnification, disclaimers, limitation of liability, intellectual property rights, governing law, dispute resolution, and miscellaneous provisions.
Reporting Issues
If you identify any vulnerabilities, security issues, or concerns relating to the Services, you are encouraged to report them promptly to [email protected]. STBL values your cooperation in helping to maintain a secure and reliable platform.