USDso - TERMS OF SERVICE


Last Updated: April 30 2026

These Terms of Service (these “Terms”) govern your access to and use of the website located at www.somnia.network/usdso-stablecoin (the “Website”) operated by USDSO, S.A., a Republic of Panama corporation (the “Company”, "we", "us" or "our").

By accessing or using the Website, you agree to be bound by these Terms. If you are an individual accessing or using the Website in your personal capacity, "you" and "User" refer to you as that individual. If you are accessing or using the Website on behalf of a company, organisation, or other legal entity, "you" and "User" refer to that entity, and you represent and warrant that you have the authority to bind that entity to these Terms and that the entity is duly organised and validly existing under the laws of its jurisdiction of formation.

If you do not agree to these Terms or where you are acting on behalf of an entity, if you do not have authority to bind that entity, you must not access or use the Website.

  1. Acceptance of Terms

By accessing or using the Website, you acknowledge that you have read, understood, and agree to be bound by these Terms and any additional terms and policies referenced herein, including our Privacy Policy. We reserve the right to modify these Terms at any time. Any changes will be effective immediately upon posting to the Website. Your continued use of the Website following any such changes constitutes your acceptance of the revised Terms.

  1. Description of Services

The Website provides informational content, educational materials, and resources related to USDso, a stablecoin digital asset. Services include: (a) publication of informational articles, documentation, and educational content regarding USDso; (b) display of publicly available blockchain data and market information; and (c) links to third-party platforms, protocols, and services where USDso may be accessed or utilized. The Company does not provide custodial, wallet, exchange, trading, investment advisory, or financial services through the Website. The Company makes no commitment regarding Website availability, uptime, or continuity of any particular content or feature. All services are provided on an “as available” basis and may be modified or discontinued at any time without notice.

  1. Further Background
    1. Non-Issuer Status

The Company is not the issuer of USDso. USDso is issued exclusively by Frax Inc. and/or its affiliates (collectively, “Frax”). The Company does not issue, mint, create, back, guarantee, or stand behind USDso in any capacity. The Company has no control over the issuance, supply, or technical operation of USDso.

  1. No Redemption Obligation

The Company does not offer, facilitate, or assume any obligation to redeem USDso for U.S. dollars, fiat currency, or any other asset. All redemption of USDso is handled exclusively through Frax’s infrastructure and is subject to Frax’s terms, policies, and operational procedures. Users seeking to redeem USDso must do so directly through Frax or other authorized third-party platforms designated by Frax.

  1. No Peg Maintenance Responsibility

The Company is not responsible for maintaining, supporting, or ensuring any peg, exchange rate, or value relationship between USDso and the U.S. dollar or any other currency or asset. Any reference to USDso’s intended design or economic characteristics does not create any obligation, liability, or responsibility on the part of the Company to maintain such characteristics.

  1. No Yield or Revenue Entitlement

Holders of USDso are not entitled to any yield, revenue sharing, profit distribution, or pass-through economics from the Company. The Company does not distribute, allocate, or pass through any economic benefits, returns, or revenues to USDso holders. Any economic characteristics of USDso are determined solely by Frax and the underlying protocol design.

  1. Regulatory Status and Disclaimers
    1. Regulatory Status

The Company is not a licensed or regulated issuer, electronic money institution (EMI), money transmitter, payment services provider (PSP), bank, trust company, or financial institution in any jurisdiction. The Company does not hold any regulatory license or authorization in connection with USDso. The Company’s role is limited to providing informational services, facilitating ecosystem development, and supporting the integration and adoption of USDso within the Somnia blockchain ecosystem.

  1. No Investment Advice

Nothing on the Website constitutes investment, financial, legal, tax, or other professional advice. The information provided on the Website is for informational and educational purposes only. You should consult with qualified professional advisors before making any decisions related to digital assets, blockchain technology, or financial transactions.

  1. No Offer or Solicitation

The Website and its content do not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security, financial instrument, or investment product in any jurisdiction. USDso is not a security, investment contract, or financial instrument issued or offered by the Company.

  1. Third-Party Services and Integrations
    1. Third-Party Platforms

The Website may provide information about or links to third-party platforms, wallets, exchanges, decentralized finance (DeFi) protocols, and other services that support USDso. The Company does not operate, control, endorse, or assume any responsibility for any third-party platform or service. Your use of any third-party platform or service is at your own risk and subject to the terms and conditions of such third party.

  1. Blockchain Networks

USDso operates on blockchain networks that are not owned, controlled, or operated by the Company. The Company makes no representations or warranties regarding the security, functionality, availability, or performance of any blockchain network. Blockchain networks may experience delays, congestion, forks, failures, or other technical issues that are beyond the Company’s control.

  1. Smart Contracts

USDso may be governed by smart contracts deployed on blockchain networks. The Company does not develop, deploy, audit, or maintain these smart contracts. Smart contracts may contain bugs, vulnerabilities, or design flaws that could result in the loss, theft, or inaccessibility of digital assets. The Company is not responsible for any losses arising from smart contract failures or exploits.

  1. User Responsibilities
    1. Eligibility

If you are an individual: You represent and warrant that you are at least 18 years of age and have the legal capacity to enter into these Terms.

If you are entering into these Terms on behalf of a company, organisation, or other legal entity: You represent and warrant that you have the authority to bind that entity to these Terms. You further represent that the entity is duly organised and validly existing under the laws of its jurisdiction of formation.

In all cases, you represent and warrant that your (or, where applicable, the entity's) access to and use of the Website is not prohibited by any applicable law or regulation in the relevant jurisdiction.

  1. Prohibited Conduct

You agree not to:

  • Use the Website for any unlawful purpose or in violation of these Terms;
  • Interfere with or disrupt the operation of the Website or any servers or networks connected to the Website;
  • Attempt to gain unauthorized access to any portion of the Website or any systems or networks connected to the Website;
  • Use any automated means, including robots, crawlers, or scrapers, to access the Website without our prior written consent;
  • Impersonate any person or entity or falsely state or misrepresent your affiliation with any person or entity;
  • Transmit any viruses, malware, or other malicious code through the Website;
  • Collect or harvest any personally identifiable information from the Website without consent; or
  • Engage in any activity that could damage, disable, or impair the Website.
  1. Compliance with Laws

You are solely responsible for ensuring that your use of the Website and any interaction with USDso complies with all applicable laws, regulations, and rules in your jurisdiction, including but not limited to anti-money laundering (AML), counter-terrorist financing (CTF), sanctions, tax, and securities laws.

  1. Intellectual Property Rights
    1. Ownership

All content on the Website, including text, graphics, logos, images, software, and other materials (collectively, “Content”), is the property of the Company or its licensors and is protected by copyright, trademark, and other intellectual property laws. You may not reproduce, distribute, modify, create derivative works of, publicly display, or otherwise use any Content without our prior written consent.

  1. Limited License.

Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Website and Content solely for your personal, non-commercial informational purposes. This license does not permit you to: (a) copy, modify, distribute, or create derivative works from the Website or Content; (b) use any automated means to access the Website; (c) remove or alter any proprietary notices; or (d) use the Website or Content for any commercial purpose or public display. This license automatically terminates upon your breach of these Terms or our termination of your access, at which point you must immediately cease all use of the Website and Content and destroy any copies in your possession.

  1. Restrictions. 

You may not reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any Content from the Website, except as expressly permitted by these Terms or with our prior written consent.

  1. Trademarks. 

"USDSO" and all related logos, product and service names, designs, and slogans are trademarks of the Company or its affiliates. You may not use such marks without our prior written permission. All other names, logos, product and service names, designs, and slogans on the Website are the trademarks of their respective owners.

  1. Disclaimers and Limitation of Liability
    1. No Warranties

THE WEBSITE AND ALL CONTENT ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. THE COMPANY DOES NOT WARRANT THAT THE WEBSITE WILL BE UNINTERRUPTED, ERROR-FREE, SECURE, OR FREE FROM VIRUSES OR OTHER HARMFUL COMPONENTS. THE COMPANY MAKES NO REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY, COMPLETENESS, RELIABILITY, OR TIMELINESS OF ANY CONTENT ON THE WEBSITE.

YOUR USE OF THE WEBSITE IS AT YOUR SOLE RISK. ANY MATERIAL DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE WEBSITE IS ACCESSED AT YOUR OWN DISCRETION AND RISK, AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF ANY SUCH MATERIAL.

  1. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL THE COMPANY, ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR LICENSORS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATED TO YOUR ACCESS TO OR USE OF THE WEBSITE, EVEN IF THE COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE COMPANY’S TOTAL LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATED TO THESE TERMS OR YOUR USE OF THE WEBSITE SHALL NOT EXCEED ONE U.S. DOLLAR ($1.00).

THE LIMITATIONS SET FORTH IN THIS SECTION SHALL APPLY REGARDLESS OF THE FORM OF ACTION, WHETHER BASED IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, WARRANTY, OR ANY OTHER LEGAL OR EQUITABLE THEORY.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE LIMITATIONS SET FORTH ABOVE MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THE WEBSITE OR WITH THESE TERMS, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USE OF THE WEBSITE.

  1. Digital Asset Risks

You acknowledge and agree that digital assets, including USDso, involve significant risks, including but not limited to:

  • Extreme price volatility and loss of value;
  • Lack of liquidity and inability to transfer or sell assets;
  • Technological risks, including smart contract vulnerabilities, blockchain failures, and cybersecurity threats;
  • Regulatory risks, including the possibility that digital assets may be deemed securities, commodities, or otherwise subject to regulatory restrictions;
  • Operational risks related to third-party platforms, wallets, and service providers;
  • Loss of private keys, passwords, or access credentials, resulting in permanent loss of assets; 
  • Fraud, theft, hacking, and other malicious activities; and
  • Quantum computing risks, including the risk that future advances in quantum computing may break the cryptographic protocols underlying USDso and other digital assets, and that the relevant blockchain infrastructure may not migrate to quantum-resistant standards before such a risk materialises, potentially resulting in loss of your assets.

THE COMPANY IS NOT RESPONSIBLE FOR ANY LOSSES YOU MAY INCUR AS A RESULT OF THESE OR OTHER RISKS ASSOCIATED WITH DIGITAL ASSETS.

  1. Indemnification

You agree to indemnify, defend, and hold harmless the Company, its affiliates, and their respective officers, directors, employees, agents, and licensors from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to:

  • Your use of or inability to use the Website;
  • Your violation of these Terms;
  • Your violation of any applicable law or regulation;
  • Your violation of any third-party rights, including intellectual property, privacy, or other proprietary rights; or
  • Any content or information you submit, post, or transmit through the Website.
  1. Privacy

Your use of the Website is subject to our Privacy Policy, which is incorporated into these Terms by reference. Please review our Privacy Policy to understand how we collect, use, and disclose information about you.

  1. Third-Party Links and Services

The Website may contain links to third-party websites, services, or resources that are not owned or controlled by the Company. The Company has no control over and assumes no responsibility for the content, privacy policies, or practices of any third-party websites or services. You acknowledge and agree that the Company shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with your use of or reliance on any such third-party content, goods, or services.

  1. Termination

We reserve the right, in our sole discretion, to terminate or suspend your access to the Website at any time, with or without notice, for any reason, including but not limited to your violation of these Terms. Upon termination, your right to use the Website will immediately cease. Sections 7, 8, 9, 12, 13 and 14 of these Terms shall survive any termination.

  1. Dispute Resolution and Governing Law
    1. Governing Law 

These Terms and any dispute or claim arising out of or related to these Terms or your use of the Website shall be governed by and construed in accordance with the laws of the Republic of Panama, without regard to its conflict of law principles.

  1. Arbitration

Any dispute, controversy, or claim arising out of or relating to these Terms or your use of the Website, including the breach, termination, or validity thereof, shall be finally resolved by binding arbitration administered by the Panama Arbitration Center in accordance with its arbitration rules then in effect. The arbitration shall be conducted in Panama City, Panama, in the English language, and the decision of the arbitrator(s) shall be final and binding upon the parties. Judgment on the arbitration award may be entered in any court having jurisdiction thereof.

  1. Exceptions to Arbitration

Notwithstanding the foregoing, either party may seek injunctive or other equitable relief in any court of competent jurisdiction to prevent the actual or threatened infringement, misappropriation, or violation of a party's intellectual property rights.

  1. Class Action Waiver

You agree that any arbitration or proceeding shall be conducted on an individual basis and not as a class action, consolidated action, or representative action. You expressly waive your right to participate in a class action, private attorney general action, or other representative proceeding.

  1. Modifications to Terms

The Company reserves the right to modify, amend, or update these Terms at any time in its sole discretion. Any changes will be effective immediately upon posting the revised Terms on the Website, and the “Last Updated” date at the top of these Terms will be revised accordingly. Your continued use of the Website following the posting of revised Terms constitutes your acceptance of such changes. You are responsible for reviewing these Terms periodically to stay informed of any updates. If you do not agree to the modified Terms, you must discontinue your use of the Website.

  1. Modifications to Website

The Company reserves the right to modify, suspend, or discontinue the Website (or any portion thereof) at any time, with or without notice, for any reason. The Company shall not be liable to you or any third party for any modification, suspension, or discontinuance of the Website.

  1. General Provisions
    1. Entire Agreement

These Terms, together with our Privacy Policy and any other policies or agreements referenced herein, constitute the entire agreement between you and the Company regarding your use of the Website and supersede all prior or contemporaneous understandings and agreements, whether written or oral.

  1. Severability

If any provision of these Terms is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such provision shall be modified to the minimum extent necessary to make it valid, legal, and enforceable while preserving its intent, or if such modification is not possible, such provision shall be severed from these Terms. The remaining provisions of these Terms shall remain in full force and effect.

  1. Waiver

No waiver of any provision of these Terms shall be deemed a further or continuing waiver of such provision or any other provision, and our failure to assert any right or provision under these Terms shall not constitute a waiver of such right or provision.

  1. Assignment

You may not assign or transfer these Terms or any rights or obligations hereunder without our prior written consent. We may assign or transfer these Terms, in whole or in part, without restriction.

  1. Force Majeure

The Company shall not be liable for any failure or delay in performance under these Terms due to causes beyond its reasonable control, including but not limited to acts of God, war, terrorism, civil unrest, labour disputes, government actions, pandemics, internet or telecommunications failures, or blockchain network failures.

  1. No Third-Party Beneficiaries

These Terms are for the benefit of the Company and you only and are not intended to confer any rights or benefits on any third party.

Somnia