Resources

USDAF Terms and Conditions

These Terms and Conditions Apply To All Users
Last Updated: December 2025

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By obtaining and using USDAF, you understand and expressly agree to these Terms, regardless of whether or not you are a customer of AbraFi BVI, and you acknowledge that you have reviewed and understand each of the disclosures made in this section. Any provisions of these Terms that only apply to Mint Users or Holding Users will be specifically noted herein. Unless so noted, each Section of these Terms apply to both Mint Users and Holding Users, and any use of “you” or “your” refers to both Mint Users and Holding Users. The terms herein applicable to Mint Users are supplemental to the terms in the USDAF Mint User Agreement.

By holding or using USDAF, or using any of the USDAF Services, you agree that you have read, understood and accept all of the terms and conditions contained in these Terms, as well as our Privacy Policy and Cookie Policy, and you acknowledge and agree that you will be bound by these terms and policies.

Section 22 of these Terms governs how these Terms may be changed over time; the date of the last update is set forth at the top of these Terms.

1. About USDAF

USDAF is a digital token issued by AbraFi BVI. USDAF issued by AbraFi BVI is a form of stored value or prepaid access and does not represent a claim, participation interest, economic right, voting right, or other similar right associated with AbraFi BVI or any of its affiliates.

USDAF is backed by an amount of spot crypto assets, such as BTC, ETH, SOL, certain liquid staking tokens, certain stablecoins (such as USDC, USDT), and offsetting hedging positions on derivatives contracts the (“USDAF Reserves”).

Unaffiliated third parties, including the AbraFi Foundation directly and via the AbraFi Risk Committee, provide input on certain parameters associated with the USDAF Reserves. The AbraFi Foundation does not have any members, ultimate beneficial owners, or beneficiaries, and exists with the principal objects of supporting the AbraFi Protocol and its architecture. No shareholders, employees, contractors, ultimate beneficial owners, or other party affiliated with AbraFi BVI or its affiliates holds a position of ownership or control with respect to the AbraFi Foundation.

USDAF is not designed to intrinsically create returns for holders, increase in value, or otherwise accrue financial benefit to the USDAF holder.

2. Scope of USDAF and Key Terms

The following only applies to Mint Users: As you have agreed to, and are subject to, the USDAF Mint User Agreement, AbraFi BVI makes available the following USDAF-related Services (as defined in the USDAF Mint User Agreement: (i) create USDAF in exchange for accepted tokens from AbraFi BVI, and (ii) redeem USDAF for supported assets from AbraFi BVI (collectively, the “USDAF Services”). Your use of the USDAF Services is subject to these Terms. Any of the USDAF Services can be discontinued at any time in accordance with Section 14 of these USDAF Terms.

You understand and agree that you may only utilize accepted assets to create USDAF and redeem USDAF directly with AbraFi BVI to the extent that you are a Mint User.

The following applies to both Mint Users and Holding Users: Your use of USDAF and USDAF Services (as applicable), is subject to these Terms and AbraFi BVI’s obligations hereunder are conditional on you complying with its provisions. You understand that any violation of these Terms may result in potential consequences, including the possible loss or forfeiture of assets tokenized for USDAF.

You understand and agree that sending USDAF to another address automatically transfers and assigns to the owner of that address, and any subsequent owner all rights and obligations of a Holding User to redeem USDAF for approved assets so long as the Holder is or becomes a Mint User.

AbraFi BVI (or an affiliate designated by AbraFi BVI) commits to redeem 1 USDAF for the notional value relating to its pro rata portion of the USDAF Reserves in supported digital assets, subject to these Terms, applicable law, and any fees where applicable. While AbraFi BVI may hold the USDAF Reserves in interest-bearing accounts or other yield-generating instruments, you acknowledge that you are not entitled to any interest or other returns earned on such funds as either a Holding User or Mint User. USDAF does not itself generate any interest or return for holders of USDAF and only represents your right to redeem USDAF as a Mint User, if you are one.

3. Applicable Laws and Regulations; AML and CTF

Your holding and use of USDAF, and any use of the USDAF Services, is subject to the laws, regulations, and rules of any applicable governmental or regulatory authority, including, without limitation, all applicable tax, anti-money laundering (“AML”) and counter-terrorist financing (“CTF”) provisions and sanctions. You agree to act in compliance with and be legally bound by these Terms and all applicable laws and regulations. These Terms are conditional on your continued compliance at all times with these Terms and all applicable laws and regulations.

AbraFi BVI is committed to complying with all applicable AML and CTF laws and regulations. These standards are designed to prevent the use of the USDAF Services for money laundering, terrorist financing, fraudulent transactions, and any other illegal activities. AbraFi BVI takes compliance very seriously and actively engages in measures to:

• Prohibit fraudulent transactions;
• Report suspicious activities;
• Prevent money laundering, terrorist financing, and any related acts that facilitate financial crimes.Applicable laws require us to prevent Restricted Persons from holding USDAF or using USDAF Services. A Restricted Person means any person that is the subject or target of any sanctions, including a person that
  • named in any Sanctions-related list maintained by the U.S. Department of State; the U.S. Department of Commerce, including the Bureau of Industry and Security’s Entity List and Denied Persons List; or the U.S. Department of the Treasury, including the OFAC Specially Designated Nationals and Blocked Persons List, the Sectoral Sanctions Identifications List, and the Foreign Sanctions Evaders List; or any similar list maintained by any other relevant governmental authority;
  • located, organized or resident in a country, territory or geographical region which is itself the subject or target of any territory-wide Sanctions (a “Restricted Territory”) (currently, Cuba, Iran, Syria, North Korea, and the Ukraine regions of Crimea, Donetsk, and Luhansk); or
  • owned or controlled by any such person or persons listed above.

4. Eligibility; Limitations

The following applies to both Mint Users and Holding Users: USDAF Services and support for USDAF are currently only available to individuals and institutions (as applicable) located in supported jurisdictions.

By holding or using USDAF, or accessing or using the USDAF Services, you further represent and warrant that:

• you are at least 18 years old, are not a Restricted Person, and are not holding USDAF on behalf of a Restricted Person.
• you will not be using USDAF or the USDAF Services (as applicable) for any illegal activity, including, but not limited to, illegal gambling, money laundering, fraud, blackmail, extortion, ransoming data, terrorism financing, other violent activities or any prohibited market practices, including, but not limited to, those listed under Sections 16 and 17.

Additionally, users in the United States are not eligible to become a Mint User. This restriction may be revisited from time to time taking into account relevant changes in law.

You also understand that there are additional representations and warranties made by you elsewhere in (or by reference in) these Terms and that any misrepresentation by you is a violation of these Terms.

If AbraFi BVI suspects or determines that you or any of your authorized users or customers, as applicable, have violated these Terms, including, but not limited to, attempting to transact or transacting with Blocked Addresses (as defined in Section 11) or attempting to engage or engaging in Restricted Activities (as defined in Section 16) or Prohibited Transactions (as defined in Section 17), then AbraFi BVI may be forced to terminate your status as a Mint User and you may forfeit any assets otherwise eligible for redemption.

Notwithstanding the foregoing, AbraFi BVI may determine not to make USDAF or the USDAF Services, in whole or in part, available in every market, either in its sole discretion or due to legal or regulatory requirements, depending on your location. We may also, without liability to you or any third party, refuse to let you register as a Mint User.

The following only applies to Mint Users: Use of certain USDAF Services may have further eligibility requirements that will need to be verified prior to you using such USDAF Services, or from time to time in order to continue your use of the USDAF Services, and may be subject to additional terms and conditions.

5. Support

Please contact Support to report any violations of these Terms or to ask any questions regarding these Terms or the USDAF Services, as applicable.

6. Copies, Wrappers, and Forks Not Supported

The following applies to both Mint Users and Holding Users: As a result of the decentralized and open source nature of USDAF it is possible that a party unaffiliated with AbraFi BVI could create an alternative, equivalent version of USDAF either on one of the USDAF supported blockchains or on an unsupported blockchain (a “copy”) that operate independently from USDAF. Similarly, it is possible that a party unaffiliated with AbraFi BVI may create an asset and purport that such asset is collateralized by or otherwise incorporates USDAF into its design (a “wrapper”). AbraFi BVI supports only USDAF and is under no obligation to support any copies of USDAF or wrappers and assumes no responsibility for any value that might be lost as a result of this lack of support of copies of USDAF. No such copy or wrapper should be considered approved, sold, distributed, or promoted by AbraFi BVI unless explicitly stated.

As a result of the decentralized and open source nature of the blockchains on which USDAF is supported, it is possible that a party unaffiliated with AbraFi BVI could create an alternative version of the blockchain (a “fork”). Note that in the event of a fork of one of the USDAF supported blockchains, AbraFi BVI may be forced to suspend all activities relating to USDAF (including tokenizing assets for USDAF, redeeming USDAF for supported assets, or sending and receiving USDAF) for an extended period of time until AbraFi BVI has determined in its sole discretion that such functionality can be restored (“Downtime”). This Downtime will likely occur immediately upon a “fork”, potentially with little to no warning, and during this period of Downtime you will not be able to conduct various activities involving USDAF. In the event of a fork of one of the USDAF supported blockchains, AbraFi BVI shall, in its sole discretion, determine which fork it will support, if any.

7. USDAF Supported Blockchains and Smart Contract Modifications

USDAF operates on USDAF supported blockchains. AbraFi BVI does not have any ability or obligation to prevent or mitigate attacks or resolve any other issues that might arise with any USDAF supported blockchain. Any such attacks or delays on any USDAF supported blockchain might materially delay or prevent you from sending or receiving USDAF, and AbraFi BVI shall bear no responsibility for any losses that result from such issues.

Note that in certain circumstances, including, but not limited to, a copy or fork of a USDAF supported blockchain or the identification of a security issue with a USDAF supported blockchain, AbraFi BVI may be forced to suspend all activities relating to USDAF (including tokenizing assets for USDAF, redeeming USDAF for assets, or sending and receiving USDAF) for an extended period of time until such Downtime is over and USDAF Services can be restored. This Downtime will likely occur immediately upon a copy or fork of any USDAF supported blockchain, potentially with little to no warning, and during this period of Downtime you will not be able to conduct various activities involving USDAF.

AbraFi BVI reserves the right to migrate USDAF to another blockchain or protocol in the future in its reasonable discretion. Upon AbraFi BVI’s request, you agree to take any and all actions reasonably necessary to effectuate the migration of your USDAF to another blockchain or protocol identified by AbraFi BVI. AbraFi BVI will not be responsible or liable for any damages, losses, costs, fines, penalties or expenses of whatever nature, whether or not reasonably foreseeable by the parties, which you may suffer, sustain or incur, arising out of or relating to your failure to effectuate such migration of your USDAF to another blockchain or protocol identified by AbraFi BVI.

8. Privacy

We are committed to protecting your personal information and helping you understand exactly how your personal information is being used. You should carefully read the AbraFi BVI Privacy Policy, as it provides details on how your personal information is collected, stored, protected, and used.

9. Communications

By entering into these Terms, you agree to receive electronic communications and notifications.

These Terms are provided to you and communicated in English. We will also communicate with you in English for all matters related to USDAF and your use of USDAF Services. Where we have provided you with a translation of the English language version of these Terms, you agree that such translation is provided for your convenience only and that the English language version of these Terms govern your holding and use of USDAF, and the USDAF Services, as applicable.

10. Limited License; IP Rights

The following only applies to Mint Users: We grant you a limited, non-exclusive, non-sublicensable, and non-transferable license, subject to the terms and conditions of these Terms, to access and use the USDAF Services solely for approved purposes as determined by AbraFi BVI. Any other use of the USDAF Services is expressly prohibited. AbraFi BVI and its licensors reserve all rights in the USDAF Services and you agree that these Terms does not grant you any rights in or licenses to the USDAF Services except for the limited license set forth above. Except as expressly authorized by AbraFi BVI, you agree not to modify, reverse engineer, copy, frame, scrape, rent, lease, loan, sell, distribute, or create derivative works based on the USDAF Services, in whole or in part. If you violate any portion of these Terms, your permission to access and use the USDAF Services may be terminated pursuant to these Terms.

"AbraFi.fi", "AbraFi BVI", and all logos related to the USDAF Services are either copyrights, trademarks, or registered marks of AbraFi BVI or its licensors. Whether or not you are a Mint User, you may not copy, imitate, or use them without AbraFi BVI's prior written consent. All right, title, and interest in and to the AbraFi BVI website, any content thereon, the USDAF Services, and all technology and any content created or derived from any of the foregoing is the exclusive property of AbraFi BVI and its licensors.

11. Risk Factors & Disclosures

The following list of risks associated with USDAF and the USDAF Services is not exhaustive.

No guarantee of price stability on Third Party Platforms

AbraFi BVI does not guarantee that the value of one (1) USDAF will always or ever equal 1 USD ($1) on any platform. Due to a variety of factors, the value of USDAF on third-party platforms such as cryptocurrency exchange platforms could fluctuate above or below 1 USD ($1), and the risk factors highlighted at docs.AbraFi.fi (as well as presently unknown risk factors) may result in the USDAF Reserves falling to less than 1 USD ($1) of notional value per USDAF in circulation. AbraFi BVI cannot control how third parties quote or value USDAF, and AbraFi BVI is not responsible for any losses or other issues that may result from fluctuations in the value of USDAF.

Third-parties

AbraFi BVI does not control or endorse any products, services, or platforms offered by third parties using the USDAF Services or supporting USDAF. Third parties may elect to support USDAF on their platforms without any authorization or approval by AbraFi BVI. The availability of USDAF on any third-party platform does not imply that such services are valid, legal, stable, or otherwise appropriate.

AbraFi BVI is not liable for any losses, issues, or consequences that may arise from third-party transactions or the use of USDAF on third-party platforms, including, but not limited to,

• Failure to comply with applicable laws and regulations, including illegal transactions;
• The quality, delivery, or satisfaction of products and services facilitated by USDAF Services;
• Technical errors, loss of access, or inability to recover USDAF resulting from the use of third-party platforms.

You accept all consequences of sending USDAF to third-party platforms or addresses, including the risk of loss or failure to recover your USDAF. For the avoidance of doubt, AbraFi BVI has no obligation to track, verify, or determine the provenance of USDAF balances or transactions involving third-party platforms.

You accept all consequences of sending USDAF

USDAF transactions are not reversible. Once you send USDAF to an address, you accept the risk that you may lose access to, and any claim on, that USDAF indefinitely or permanently. For example,

• an address may have been entered incorrectly and the true owner of the address may never be discovered,
• you may not have (or subsequently lose) the private key associated with such address,
• an address may belong to an entity that will not return the USDAF, or
• an address belongs to an entity that may return the USDAF but first requires action on your part, such as verification of your identity. For the avoidance of doubt, nothing in these Terms is intended to obligate AbraFi BVI to track, verify or determine the provenance of USDAF balances for Users, including any form of security interests claimed thereon.

Blocked Addresses & Forfeited Funds

AbraFi BVI reserves the right to “block” certain USDAF addresses of Mint Users that it determines, in its sole discretion, may be associated with illegal activity or activity that otherwise violates these Terms (“Blocked Addresses”). In certain circumstances, AbraFi BVI may deem it necessary to report such suspected illegal activity to applicable law enforcement agencies and you may forfeit any rights associated with your USDAF, including the ability to redeem USDAF for any permitted assets. AbraFi BVI may also be required to surrender associated assets held in the USDAF Reserve in the event it receives a legal order from a valid government authority requiring it to do so.

Software protocols and operational challenges

You are aware of and accept the risk of operational challenges. AbraFi BVI may experience sophisticated cyber-attacks, unexpected surges in activity or other operational or technical difficulties that may cause interruptions to the USDAF Services. You understand that the USDAF Services may experience operational issues that lead to delays, including delays in redeeming USDAF. You agree to accept the risk of transaction failure resulting from unanticipated or heightened technical difficulties, including those resulting from sophisticated attacks. You agree not to hold AbraFi BVI accountable for any related losses.

Compliance

You are responsible for complying with applicable law. You agree that AbraFi BVI is not responsible for determining whether or which laws may apply to your transactions, including tax laws. You are solely responsible for reporting and paying any taxes arising from your use of USDAF or the USDAF Services, including any accurate reporting of the tax or legal status of USDAF in your jurisdiction.

Legal treatment of USDAF transfers

The regulatory status of USDAF and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to USDAF, blockchain technology and its applications. Accordingly, it is not possible to determine whether a USDAF transfer would be recognized under applicable law by a court or regulator.

Legislative and regulatory changes

Legislative and regulatory changes or actions at the international level may adversely affect the tokenization of assets into USDAF, and the use, transfer, redemption and/or value of USDAF.

No deposit insurance

USDAF held in your wallet is not subject to deposit insurance protection, including, but not limited to, (i) where your country of residence is the United States, the Federal Deposit Insurance Corporation (FDIC) insurance or Securities Investor Protection Corporation protections (SIPC); or (ii) where your country of residence is outside of the United States, the United Kingdom Financial Services Compensation Scheme (FSCS) or equivalent scheme in your country of residence.

Claim on funds

Only Mint Users can redeem USDAF directly with AbraFi BVI. For Mint Users, your ability to redeem with us for each USDAF is conditional on

• your possession of a corresponding amount of USDAF associated with a Mint User,
• no violation of these Terms or your USDAF Mint User Agreement, and
• no action, pending or otherwise, by a regulator, law enforcement or a court of competent jurisdiction that would restrict redemption.

Sending USDAF to another address automatically transfers and assigns to that Holding User, and any subsequent Holding User, the right to redeem USDAF with us so long as the Holding User is eligible to, and does, register as a Mint User (and thereby becomes a Mint User).

Encumbrances

Depending on the actions of the owners of USDAF addresses before your receipt of USDAF from another USDAF address, it is possible that the transfer of USDAF between USDAF addresses could result in the USDAF in your whitelisted wallet becoming subject to a lien or other form of security interest before redemption.

On-chain transactions irreversible

When USDAF is sent to a third-party USDAF address, such transaction is completed on USDAF supported blockchains. This means that such a transaction is irreversible and AbraFi BVI does not have the ability to reverse or recall any transaction once initiated. You bear all responsibility for any losses that might be incurred as a result of sending USDAF to an incorrect or unintended USDAF address.

Affiliate Activities

You understand and agree that individuals or entities affiliated with AbraFi BVI may hold, purchase, sell, or otherwise engage in transactions using or involving USDAF. You further understand and agree that such persons may engage in this activity for any reason, including but not limited to engaging in commercial transactions, promoting transaction activity that utilizes USDAF, or otherwise supporting the use or adoption of USDAF. This activity may involve selling USDAF to other entities for provision to their end users. You understand and agree that no individual or entity, whether affiliated with AbraFi BVI or otherwise, is under any obligation to engage in these activities, and they may be discontinued at any time.

12. Fees; Authorization

The following only applies to Mint Users: Except as disclosed to you prior to completing a transaction as a Mint User, AbraFi BVI will not charge you any fees for tokenizing assets for USDAF, or receiving USDAF. Any cost of executing a mint or redemption transaction is a cost reimbursement to cover friction such as blockchain gas fees or execution fees paid by AbraFi BVI.

13. Currency Conversion

The following only applies to Mint Users: All tokenizations of assets will be credited in USDAF to your whitelisted wallet(s) based on a rate of one (1) USDAF per 1 USD ($1) of notional value (measured in stablecoin value, i.e., 1 USDC, 1 USDT, as the case may be, depending on the asset exchanged to mint USDAF), less applicable fees and transaction costs associated with the transaction, including, for the avoidance of doubt, fees paid associated with the applicable blockchain consensus mechanism. Such value shall be calculated by AbraFi BVI based on the asset in its sole discretion, with any transaction fees associated with the blockchain consensus mechanism determined by requirements of the underlying blockchain at the time the transaction is submitted by the Mint User.

14. Right to Change/Remove Features or Suspend/Delay Transactions

The following only applies to Mint Users: We reserve the right to (i) change, suspend, or discontinue any aspect of the USDAF Services at any time, including hours of operation or availability of any feature, without notice and without liability and (ii) decline to process any issuance or redemption without prior notice and may limit or suspend your use of one or more USDAF Services at any time, in our sole discretion. Our rights under this paragraph are subject to our obligations under applicable law and licenses, including but not limited to our reasonable suspicion of inappropriate or illegal conduct. Suspension of your use of any of the USDAF Services will not affect your rights and obligations pursuant to these Terms. We may, in our sole discretion, delay issuances or redemptions if we reasonably believe the transaction is suspicious, may involve fraud or misconduct, violates applicable laws, or violates the terms of these Terms.

15. Transactions Irreversible

The following only applies to Mint Users: Once a transaction has been initiated, it cannot be reversed, as further described in Section 11 above and pursuant to the underlying blockchain consensus mechanism. Except as set forth in these Terms, all transactions processed through the USDAF Services are nonrefundable.

16. Restricted Activities

In connection with your holding or use of USDAF, or the USDAF Services (as applicable), you hereby agree that you will not:

• violate (or assist any other party in violating) any applicable law, statute, ordinance, or regulation;
• intentionally try to defraud (or assist in the defrauding of) AbraFi BVI or other Mint Users or Holding Users;
• provide false, inaccurate, or misleading information;
• take any action that interferes with, intercepts, or expropriates any system, data, or information;
• partake in any transaction involving the proceeds of illegal activity;
• transmit or upload any virus, worm, or other malicious software or program;
• attempt to gain unauthorized access to the AbraFi BVI website, or any related networks or systems;
• use the USDAF Services on behalf of any third party or otherwise act as an intermediary between AbraFi BVI and any third parties;
• collect any information from other Mint Users or Holding Users, including, without limitation, email addresses;
• defame, harass, or violate the privacy or intellectual property rights of AbraFi BVI or any Holding Users or Mint Users; or
• upload, display or transmit any messages, photos, videos or other media that contain illegal goods, violent, obscene or copyrighted images or materials (such activities, “Restricted Activities”).

17. Prohibited Transactions

Using USDAF or the USDAF Services for transactions related to the following is prohibited, and AbraFi BVI reserves the right to monitor and, if appropriate, block or otherwise prevent transactions that relate to:

• any Restricted Persons;
• weapons of any kind, including but not limited to firearms, ammunition, knives, explosives, or related accessories;
• controlled substances, including but not limited to narcotics, prescription drugs, steroids, or related paraphernalia or accessories, unless licensed and authorized by the jurisdiction in which the User is based as well as by the jurisdiction in which the transaction takes place;
• gambling activities including but not limited to sports betting, casino games, horse racing, dog racing, games that may be classified as gambling (i.e. poker), or other activities that facilitate any of the foregoing, unless licensed and authorized by the jurisdiction in which the User is based as well as by the jurisdiction in which the transaction takes place;
• money-laundering or terrorist financing;
• any sort of Ponzi scheme, pyramid scheme, or multi-level marketing program;
• goods or services that infringe or violate any copyright, trademark, or proprietary rights under the laws of any jurisdiction;
• credit repair services, or other services that may present consumer protection risks;
• court ordered payments, structured settlements, tax payments, or tax settlements;
• any unlicensed money transmitter activity;
• layaway systems, or annuities;
• counterfeit goods, including but not limited to fake or “novelty” IDs;
• wash trading, front-running, insider trading, market manipulation or other forms of market-based fraud or deceit;
• purchasing goods of any type from “Darknet” markets, or any other service or website that acts as a marketplace for illegal goods (even though such marketplace might also sell legal goods); or
• any other matters, goods, or services that from time to time we communicate to you that are unacceptable and which, for example, may be restricted by our and your bank or payment partners (such transactions, “Prohibited Transactions”).

In the event that AbraFi BVI learns you are making any such Prohibited Transactions, AbraFi BVI will consider you to be a violation of these Terms and may also suspend or terminate your status as a Mint User.

18. Taxes

The following only applies to Mint Users: AbraFi BVI will maintain a record of your transaction history pursuant to the terms of the USDAF Mint User Agreement. This transaction history will include all transactions you complete with AbraFi BVI including tokenizing assets for USDAF and redeeming USDAF for assets.

19. Indemnification; Release

The following only applies to Mint Users: Section 22 of the USDAF Mint User Agreement is hereby incorporated into these Terms by reference and shall apply in all respects to these Terms and your use of USDAF Services and our products and services as contemplated herein.

The following only applies to Holding Users: You agree to indemnify and hold AbraFi BVI, its affiliates, and service providers, and each of their officers, directors, agents, joint venturers, employees, and representatives harmless from any claim or demand (including attorneys’ fees and any losses, fines, fees or penalties imposed by any regulatory authority) arising out of your breach of these Terms, your violation of any law or regulation or your holding or use of USDAF.

For the purpose of this Section 19, the term “losses” means all net costs reasonably incurred by us or the other persons referred to in this Section which are the result of the matters set out in this Section 19 and which may relate to any claims, demands, causes of action, debt, cost, expense or other liability, including reasonable legal fees (without duplication).

If you have a dispute with one or more Mint Users, Holding Users or third parties, you release AbraFi BVI (and its affiliates and service providers, and each of their officers, directors, agents, joint ventures, employees and representatives) from all claims, demands, and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such disputes.

20. Limitation of Liability; No Warranty

The following only applies to Mint Users: Section 23 of the USDAF Mint User Agreement is hereby incorporated into these Terms by reference and shall apply in all respects to these Terms and your use of USDAF Services and our products and services as contemplated herein.

21. Force Majeure

AbraFi BVI shall have no liability for any failure or delay resulting from any condition beyond our reasonable control, including but not limited to governmental action or acts of terrorism, earthquake, fire, flood, or other acts of God, labor conditions, power failures, equipment failures, and Internet disturbances.

22. Amendments

AbraFi BVI may amend any portion of these Terms at any time by posting the revised version of these Terms with an updated revision date. The changes will become effective, and shall be deemed accepted by you, the first time you access or use USDAF or the USDAF Services after the initial posting of the revised Terms and shall apply on a going-forward basis with respect to transactions initiated after the posting date. In the event that you do not agree with any such modification, your sole and exclusive remedy is to terminate your use of the USDAF Services and terminate your status as a Mint User (if any). You agree that we shall not be liable to you or any third party as a result of any losses suffered by any modification or amendment of these Terms.

If the revised Terms include a material change, we will provide you with prior notice via our website and/or email before the material change becomes effective. For this purpose a “material change” means a significant change other than changes that

• are to your benefit,
• are required to be made to comply with applicable laws and/or regulations or as otherwise required by one of our regulators, (iii) relates to a new product or service made available to you, or
• otherwise clarifies an existing term.

23. Assignment and Third-Party Holders

You may not transfer or assign these Terms or any rights or obligations hereunder, by operation of law or otherwise and any such attempted assignment shall be void, subject to the following exception. Sending USDAF to an address will automatically transfer and assign to that Holder, and any subsequent Holder, the right to redeem USDAF for USD so long as the Holder is eligible to, and does, register as a Mint User.

Each Holding User is subject to all terms of these Terms as if a user including, but not limited to, the requirements to not transact with Blocked Addresses and not engage in Restricted Activities or Prohibited Transactions.

We reserve the right to freely assign these Terms and the rights and obligations of these Terms to any third party at any time without notice or consent. If you object to such transfer or assignment, you may stop holding and using USDAF; further if you are a Mint User, you may also stop using our USDAF Services, and terminate these Terms by contacting Support and asking us to terminate your status as a Mint User.

24. Survival

Upon termination of these Terms (and termination of your status as a Mint User, if you are a Mint User), all rights and obligations of the parties that by their nature are continuing will survive such termination.

25. Website; Third Party Content

AbraFi BVI strives to provide accurate and reliable information and content on the AbraFi BVI website, but such information may not always be correct, complete, or up to date. AbraFi BVI will update the information on the AbraFi BVI website as necessary to provide you with the most up to date information, but you should always independently verify such information. The AbraFi BVI website may also contain links to third-party websites, applications, events or other materials (“Third Party Content”). Such information is provided for your convenience and links or references to Third Party Content do not constitute an endorsement by AbraFi BVI of any products or services. AbraFi BVI shall have no liability for any losses incurred as a result of actions taken in reliance on the information contained on the AbraFi BVI website or in any Third Party Content.

26. Governing Law; Venue

The laws of the British Virgin Islands shall govern these Terms. The courts of the British Virgin Islands shall have exclusive jurisdiction to settle any dispute arising out of, or connected with, these Terms.

27. Entire Agreement

The following applies to both Mint Users and Holding Users: The failure of AbraFi BVI to exercise or enforce any right or provision of these Terms shall not constitute a waiver of such right or provision. If any provision of these Terms shall be adjudged by any court of competent jurisdiction to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary so that these Terms shall otherwise remain in full force and effect and remain enforceable between the parties, except as specified in Section 27. Furthermore, if any portion of these Terms, whether in whole, or in part, shall be adjudged by any court of competent jurisdiction to be unenforceable or invalid against certain persons or categories of persons that are purportedly bound by these Terms, such portion of these Terms shall otherwise remain in full force and effect and remain enforceable as to any other persons bound by these terms. The headings and explanatory text are for reference purposes only and in no way define, limit, construe, or describe the scope or extent of such section. These Terms, the USDAF Mint User Agreement, the General Terms of Service, and AbraFi BVI’s policies governing the holding or use of USDAF, the use of the USDAF Services referenced herein, and the Privacy Policy t constitute the entire agreement between you and AbraFi BVI with respect to the holding or use of USDAF, and the use of the USDAF Services. These Terms are not intended and shall not be construed to create any rights or remedies in any parties other than you and AbraFi BVI and other AbraFi BVI affiliates which each shall be a third-party beneficiary of these Terms, and no other person shall assert any rights as a third-party beneficiary hereunder.

The following only applies to Mint Users: Notwithstanding anything to the contrary set forth in these Terms or otherwise, in the event of a conflict between any term set forth herein and any term set forth in the USDAF Mint User Agreement

• in connection with any USDAF transaction, the terms of these Terms shall control, and
• in respect of any other Digital Currency transaction, the terms of the USDAF Mint User Agreement shall control.

28. E-Sign Consent

Please be aware that your consent to the electronic delivery of disclosures is required to use any of the Services (as defined in the USDAF Mint User Agreement). If you are unable or unwilling to provide such consent, you will not be able to become a Mint User. Once you are a Mint User you can rescind your consent to electronic delivery of disclosures at any time and receive paper communications as set forth below.

This E-Sign Consent applies to any and all communications and/or disclosures that AbraFi BVI is legally required to provide to you in writing in connection with your status as a Mint User and any related products and services (“Communications”). This E-Sign Consent supplements and is to be construed in accordance with the terms and conditions contained in the USDAF Mint User Agreement.

When you use the Services, you agree that we may provide you with any Communications in electronic format, and that we may discontinue sending paper Communications to you, unless and until you withdraw your consent as described below. Your consent to receive electronic communications and transactions includes, but is not limited to:

• Legal and regulatory disclosures and communications associated with your registration or the Services;
• Notices or amendments relating to the USDAF Mint, User Agreement, the Privacy Policy, the Cookie Policy or this E-Sign Consent;
• Communications regarding any transactions; and
• Responses to claims filed in connection with your relationships with AbraFi BVI as a Mint User.

Methods of Communication

All Communications that we provide to you in electronic form will be provided by e-mail, by posting to the AbraFi BVI website (USDAF), or through other electronic communication such as mobile push notification or text message.

Hardware Requirements

In order to access, view, and retain electronic Communications that we make available to you, you must have the following software and hardware:

A valid e-mail address

A computer or other device capable of accessing the internet with a current web browser that supports at least 128 bit encryption, such as Google Chrome, Apple® Safari, Microsoft® Internet Explorer, or Mozilla Firefox®. The browser must have cookies enabled.

The computer must also have a printer or disk drive to print or retain copies of this E-Sign Consent and any Communications.

Updating your Information

It is your responsibility to provide us with a true, accurate and complete e-mail address, your contact information, and other information related to this E-Sign Consent and your registration, keep such information up to date.

Withdrawing Consent

You may withdraw your consent to receive electronic Communications at any time by sending us a written request by email. You understand that any withdrawal of your consent to receive electronic Communications will be effective only after AbraFi BVI has had a reasonable period of time to process your withdrawal. You understand that withdrawing your consent to electronic Communications will likely result in the termination of your status as a Mint User.

Communications in Writing

All electronic Communications from us to you will be considered "in writing" and shall have the same meaning and effect as a paper Communication. You should print or download for your records a copy of this E-Sign Consent and any other Communication that is important to you. You acknowledge and agree that Communications are considered received by you within 24 hours of the time posted to the AbraFi BVI website (USDAF), or within 24 hours of the time emailed to you unless AbraFi BVI receives notice that the email was not delivered.

General

AbraFi BVI reserves the right, in our sole discretion, to cancel this electronic Communication service, or to terminate or change the terms and conditions on which AbraFi BVI provides electronic Communications. AbraFi BVI will provide you with notice of any such termination or change as required by law.