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Terms of Service

Last Updated: May 2026

By holding or using suiUSDe, or using any suiUSDe Services, you agree to be bound by these Terms, our Privacy Policy, Cookie Policy, and Law Enforcement Policy.

Section 10 governs how these Terms may be amended.

1. About suiUSDe

suiUSDe is a U.S. dollar-denominated stablecoin issued by suiUSDe Ltd ("Issuer"). It represents a form of stored value and does not constitute a claim, participation interest, voting right, or similar right in the Issuer or its affiliates.

User Categories. If you have completed Know-Your-Customer ("KYC") and Anti-Money Laundering ("AML") checks, completed onboarding procedures, and been whitelisted by the Issuer, you are a "Mint User". If you hold suiUSDe but have not completed these requirements, you are a "Holding User". Holding Users are not customers of the Issuer and cannot redeem suiUSDe directly with the Issuer unless they become Mint Users.

Reserves. suiUSDe is intended to be backed by a pool of U.S. dollar‑denominated assets (the "suiUSDe Reserves") designed so that, under normal market conditions, the aggregate value of the suiUSDe Reserves equals or exceeds the aggregate notional amount of suiUSDe in circulation. The suiUSDe Reserves consist primarily of USDe and other assets used to support suiUSDe, held with institutional custodians in accounts separate from the Issuer's own operating assets. The composition and value of the suiUSDe Reserves may fluctuate over time, and the Issuer does not guarantee that the value of the suiUSDe Reserves will always equal the notional amount of suiUSDe in circulation. suiUSDe is not designed to generate returns for holders or increase in value.

2. Eligibility & Compliance

General Requirements. By holding or using suiUSDe, you represent and warrant that you:

  • are at least 18 years old;
  • are not a Restricted Person (as defined below) and are not acting on behalf of a Restricted Person;
  • will comply with all applicable laws, including AML, counter-terrorist financing ("CTF"), and sanctions requirements; and
  • will not use suiUSDe for any illegal activity, including money laundering, fraud, terrorism financing, or any prohibited activity listed in Section 5.

Restricted Persons. A "Restricted Person" is any person that is:

  • named on any sanctions list maintained by the U.S. Department of the Treasury (including OFAC's SDN List, Sectoral Sanctions List, and Foreign Sanctions Evaders List), the U.S. Department of State, the U.S. Department of Commerce, EU Consolidated List, UK HM Treasury Consolidated List, MAS Lists, or UN Security Council Sanctions List;
  • located, organized, or resident in a Restricted Territory (currently: Abkhazia, Afghanistan, Angola, Belarus, Burundi, Central African Republic, Congo, Cuba, Crimea, Ethiopia, Guinea-Bissau, Iran, Ivory Coast, Lebanon, Liberia, Libya, Mali, Burma (Myanmar), Nicaragua, North Korea, Northern Cyprus, Russia, Somalia, Somaliland, South Ossetia, South Sudan, Sudan, Syria, Ukraine (Donetsk and Luhansk), United States, Venezuela, Yemen, Zimbabwe); or
  • owned or controlled by any such person.

Geographic Restrictions. suiUSDe Services are only available in jurisdictions where the Issuer chooses to offer them ("Supported Jurisdictions"). Users in the United States are not eligible to become Mint Users.

Compliance Commitment. The Issuer is committed to preventing the use of suiUSDe for money laundering, terrorist financing, or other financial crimes, and may take measures including blocking suspicious transactions, reporting to authorities, and freezing suiUSDe associated with prohibited activity.

3. suiUSDe Services

Scope. The Issuer provides Mint Users with the following services (collectively, the "suiUSDe Services"):

  • issuing suiUSDe in exchange for USDC or other accepted assets specified by the Issuer; and
  • redeeming suiUSDe for USDC or other supported assets.

All services are subject to applicable onboarding, whitelisting, and compliance requirements. The Issuer may discontinue any suiUSDe Service at any time in accordance with Section 10.

Minting and Redemption. The Issuer generally mints suiUSDe at a notional rate of one (1) suiUSDe per one (1) U.S. dollar of value in the accepted asset and intends, when suiUSDe Services are available, to redeem suiUSDe at the same notional rate, less any applicable fees and blockchain transaction costs. The Issuer does not guarantee that minting or redemption will always be available or that it will always occur at that rate. Only Mint Users may mint or redeem suiUSDe directly with the Issuer. Holding Users may only redeem suiUSDe after completing onboarding and becoming Mint Users.

Fees. The issuer will disclose any applicable fees prior to completing a transaction. Fees and transaction costs (including blockchain gas fees) will be deducted from the transaction amount.

Transfers. Sending suiUSDe to another address automatically transfers to the recipient all rights and obligations of a Holding User with respect to such suiUSDe. Blockchain transactions are irreversible; once initiated, a transaction cannot be recalled or reversed.

Service Modifications. The Issuer reserves the right to change, suspend, or discontinue any aspect of the suiUSDe Services without prior notice and without liability. The Issuer may decline to process any transaction or suspend your use of suiUSDe Services if it reasonably believes the transaction is suspicious, may involve fraud, violates applicable law, or violates these Terms.

4. Technical Matters

Supported Blockchains. suiUSDe operates on blockchain networks designated by the Issuer from time to time ("Supported Blockchains"). The Issuer has no ability or obligation to prevent attacks on, or resolve issues with, any Supported Blockchain. Delays or failures on any Supported Blockchain may materially delay or prevent you from sending or receiving suiUSDe.

Forks, Copies, and Wrappers. Due to the decentralized nature of blockchain technology:

  • Third parties may create alternative versions of suiUSDe on supported or unsupported blockchains ("copies") or assets purporting to be collateralized by suiUSDe ("wrappers"). The Issuer does not support any such copies or wrappers and assumes no responsibility for any losses resulting from their use.
  • In the event of a blockchain fork, the Issuer may suspend all suiUSDe activities until it determines, in its sole discretion, which fork (if any) to support. Such suspension may occur with little or no warning.

Smart Contract Modifications. The Issuer reserves the right to migrate suiUSDe to another blockchain or protocol. Upon request, you agree to take reasonable actions to effectuate such migration. The Issuer is not liable for losses resulting from your failure to complete a requested migration.

Downtime. During periods of suspension or technical issues ("Downtime"), you will not be able to mint, redeem, send, or receive suiUSDe. The Issuer bears no responsibility for losses during Downtime.

5. Prohibited Conduct

You agree not to use suiUSDe or suiUSDe Services to:

  • violate any applicable law or regulation;

  • engage in fraud, deception, or misrepresentation;

  • launder money or finance terrorism;

  • transact with Restricted Persons or in Restricted Territories;

  • deal in illegal goods or services, including controlled substances (unless properly licensed), weapons, or counterfeit goods;

  • engage in unlicensed gambling or money transmission;

  • participate in Ponzi schemes, pyramid schemes, or similar fraudulent arrangements;

  • engage in market manipulation, wash trading, front-running, or insider trading;

  • purchase goods from darknet markets or other illegal marketplaces;

  • infringe intellectual property rights;

  • attempt unauthorized access to the Issuer systems or collect information from other users;

  • transmit malicious software; or

  • engage in any other activity that the Issuer communicates as prohibited.

Consequences. If the Issuer determines you have violated these Terms, it may terminate your Mint User status, freeze your suiUSDe, report the activity to authorities, and you may forfeit any assets otherwise eligible for redemption.

6. Risk Disclosures

Market Risks

  • No Price Guarantee on Third-Party Platforms. The Issuer generally aims, when suiUSDe Services are available, to mint and redeem suiUSDe at a notional rate of 1 U.S. dollar per 1 suiUSDe, but does not guarantee that minting or redemption will always be available or that it will always occur at that rate. The price of suiUSDe on third-party platforms may fluctuate above or below $1 due to factors outside the Issuer's control.
  • Third-Party Platforms. The Issuer does not control or endorse third-party platforms supporting suiUSDe. The availability of suiUSDe on any platform does not imply endorsement. The Issuer is not liable for losses arising from third-party platform use.
  • Affiliate Activities. The Issuer affiliates may hold, buy, or sell suiUSDe for any purpose. No affiliate is obligated to continue such activities.

Technical Risks

  • Irreversibility. suiUSDe transactions are irreversible. If you send suiUSDe to an incorrect address, you may permanently lose access to those funds.
  • Blockchain Risks. The Issuer cannot prevent or mitigate blockchain attacks, bugs, or failures. Such events may result in loss of access to your suiUSDe.
  • Operational Challenges. The Issuer may experience cyber-attacks, technical difficulties, or service interruptions that cause delays or losses.

Regulatory Risks

  • Regulatory Uncertainty. The regulatory status of stablecoins and blockchain technology is unclear in many jurisdictions. Legislative or regulatory changes may adversely affect suiUSDe's use, transfer, redemption, or value.
  • Compliance Responsibility. You are solely responsible for complying with applicable laws, including tax laws, in your jurisdiction. The Issuer does not provide tax or legal advice.
  • No Deposit Insurance. suiUSDe is not insured by the FDIC, SIPC, FSCS, or any similar deposit protection scheme.

Operational Risks

  • Blocked Addresses. The Issuer may freeze suiUSDe associated with addresses it determines, in its sole discretion, may be involved in illegal activity or Terms violations ("Blocked Addresses"). suiUSDe sent to or received from Blocked Addresses may be frozen or forfeited.
  • Redemption Conditions. Mint Users may only redeem suiUSDe if they: (i) possess suiUSDe in a whitelisted wallet, (ii) have not violated these Terms, and (iii) are not subject to any legal restriction on redemption.
  • Encumbrances. suiUSDe you receive may be subject to liens or security interests arising from prior owners' actions.

7. Intellectual Property

The Issuer grants Mint Users a limited, non-exclusive, non-transferable license to access and use the suiUSDe Services solely for approved purposes. All other use is prohibited."suiUSDe," "esuidollar.io," and related logos are trademarks of the Issuer or its licensors. You may not copy, imitate, or use them without prior written consent. All right, title, and interest in the Issuer website, suiUSDe Services, and related content is the exclusive property of the Issuer and its licensors.

8. Privacy & Communications

Privacy. The Issuer is committed to protecting your personal information. Please review our Privacy Policy for details on how your information is collected, stored, protected, and used.

Communications. By agreeing to these Terms, you consent to receive electronic communications from the Issuer. These Terms and all communications will be in English. Translations are for convenience only; the English version governs.

9. Liability & Indemnification

To the maximum extent permitted by law, the aggregate liability of the Issuer and its affiliates, officers, directors, agents, and employees arising out of or relating to these Terms, suiUSDe, or the suiUSDe Services will not exceed USD 100. In no event will the Issuer or its affiliates, officers, directors, agents, or employees be liable for any indirect, incidental, special, consequential, or exemplary damages, including loss of profits, goodwill, data, or other intangible losses, arising from:

  • your use or inability to use suiUSDe or suiUSDe Services;

  • unauthorized access to or alteration of your data;

  • any third-party conduct or content; or

  • any other matter related to suiUSDe or suiUSDe Services.

This limitation does not apply to liability for fraud or willful misconduct where such limitation is prohibited by applicable law.

No Warranty. suiUSDe and suiUSDe Services are provided "AS IS" without any warranty, express or implied, including warranties of merchantability, fitness for a particular purpose, or non-infringement. The Issuer does not warrant that suiUSDe Services will be uninterrupted, timely, secure, or error-free.

Indemnification. You agree to indemnify and hold harmless the Issuer, its affiliates, and their officers, directors, agents, and employees from any claims, demands, losses, or expenses (including reasonable attorneys' fees) arising from your breach of these Terms, violation of law, or use of suiUSDe.

Disputes with Others. If you have a dispute with other users or third parties, you release the Issuer and its affiliates from all related claims and damages.

10. Modifications & Termination

Amendments. The Issuer may amend these Terms at any time by posting the revised version with an updated date. Changes become effective when you first access or use suiUSDe or suiUSDe Services after posting. For material changes (other than those required by law, beneficial to you, or related to new services), the Issuer will provide prior notice via website.

Termination. If you do not agree to the amended Terms, your sole remedy is to discontinue using suiUSDe and suiUSDe Services and, if you are a Mint User, to request termination of your Mint User status by contacting notices@suiusdebvi.com.

Effect of Termination. Upon termination, provisions that by their nature should survive (including Sections 6, 7, 9, and 11) will remain in effect.

11. General Provisions

Support. Contact notices@suiusdebvi.com to report Terms violations or ask questions about suiUSDe Services.

Taxes. You are solely responsible for determining and paying any taxes arising from your use of suiUSDe. The Issuer will maintain transaction records for Mint Users as described in the suiUSDe Mint User Agreement.

Force Majeure. The Issuer is not liable for failures or delays caused by circumstances beyond its reasonable control, including natural disasters, acts of terrorism, government actions, power failures, or internet disturbances.

Assignment. You may not assign these Terms without the Issuer's consent. Transferring suiUSDe to another address assigns to that recipient the rights and obligations of a Holding User. The Issuer may assign these Terms freely without notice.

Third-Party Content. The Issuer website may contain links to third-party content. Such links do not constitute endorsement, and the Issuer is not liable for losses from reliance on third-party content.

Severability. If any provision is held unenforceable, it will be modified to the minimum extent necessary, and remaining provisions will remain in effect.

Governing Law. These Terms are governed by the laws of the British Virgin Islands.

Arbitration. Any dispute, controversy, or claim arising out of or relating to these Terms, suiUSDe, or the suiUSDe Services (a "Claim") will be finally resolved by arbitration administered by the BVI International Arbitration Centre ("BVI IAC") under the UNCITRAL Arbitration Rules in force when the Notice of Arbitration is submitted, as modified by the BVI IAC procedures. The seat of arbitration will be the British Virgin Islands, the language will be English, and there will be one arbitrator.

Class Action Waiver. To the fullest extent permitted by law, all Claims must be brought on an individual basis only and not as part of any class, collective, consolidated, or representative action, and you and the Issuer waive any right to participate in such proceedings. If this class action waiver is found unenforceable with respect to a particular Claim, the Arbitration section will not apply to that Claim, and such Claim may be brought in a court of competent jurisdiction.

Entire Agreement. These Terms, together with the Privacy Policy, Cookie Policy, and (for Mint Users) the suiUSDe Mint User Agreement, constitute the entire agreement between you and the Issuer regarding suiUSDe. In the event of conflict, these Terms govern suiUSDe transactions; the suiUSDe Mint User Agreement governs other matters.

12. E-Sign Consent

Your consent to electronic delivery of disclosures is required to become a Mint User. You may withdraw consent at any time by written request to the Issuer, but doing so will likely result in termination of your Mint User status. By using suiUSDe Services, you agree to receive all communications electronically, including:

  • legal and regulatory disclosures;
  • notices regarding the suiUSDe Mint User Agreement, Privacy Policy, or these Terms;
  • transaction-related communications; and
  • responses to claims.

Delivery Methods. Electronic communications will be provided by email, website posting, or other electronic means such as push notifications.

Hardware Requirements. To receive electronic communications, you must have: a valid email address; a device with internet access and a current web browser supporting 128-bit encryption with cookies enabled; and the ability to print or save documents.

Updating Information. You are responsible for maintaining accurate contact information with the Issuer.

Communications in Writing. Electronic communications are considered "in writing" and are deemed received within 24 hours of posting or sending.