Risks

USDO Reserves risk: USDO Reserves are held in the form of digital tokens/assets such as:
1. $TBILL tokens issued by Treasury Bills Institutional Liquidity Limited, a BVI registered and regulated Professional Fund, managed by a Singapore regulated fund manager (“TBILL Fund”). The $TBILL tokens are themselves backed dollar for dollar by short term U.S. Treasury Bonds and other tokenized money market funds, such as Blackrock’s $BUIDL, with similar risk and/or liquidity profiles as the $TBILL, held by the TBILL Fund in regulated custodians. Defaults on U.S. Treasury Bonds could lead to loss of collateral value. Similarly, $TBILL tokens that act as the USDO Reserves held by the Issuer in their custodian accounts may be lost or inaccessible due to various factors including, without limitation, discovery of wrongful conduct, digital attacks, insolvency of the Issuer and other factors outside of our control.
Blockchain-Related risk: The use of blockchain technology entails inherent risks, such as irreversible transactions, which may lead to permanent loss of assets in cases of errors or unauthorized transactions.
Fork risk: The permissionless nature of blockchains means that existing supported blockchains may fork. The Issuer will inform users in advance in case new forks are supported, so that Users can track the blockchains where ownership of assets continues to be supported for redemptions.
Smart Contract Risk: Smart contracts used on the Platform may contain vulnerabilities or unforeseen issues that could result in asset loss or disruptions to our products and services. The Issuer has taken steps to mitigate such risks, including audits and monitoring, but no smart contract is risk free.
Liquidity and Listing risk: Market fluctuations, changes in listing status, or other factors may impact the liquidity and value of digital assets held in your Wallet, or used to transact on the Platform.
Legal risk: Changes in laws or regulations in your jurisdiction or internationally may impact your ability to use our Platform or the USDO or the legal status of your digital assets.
Regulatory Changes: Any digital asset such as USDO may decrease in value or lose all of its value due to legislative or regulatory activity, or other governmental or regulatory action. Governmental and regulatory authority regulation of digital assets are unsettled and rapidly evolving.
Exchange risk: The loss or compromise of digital asset exchanges may result in the loss of your assets or disruptions to our products and services, particularly where such platforms support the USDO.
Trading Risk: Trading digital assets involves inherent risks, including market volatility, and may result in the loss of some or all of your assets.
Banking Risk: Changes in banking relationships or regulations may impact the availability of our products and services, including the ability to deposit or withdraw fiat currency.
No Deposit Insurance: The Issuer does not provide deposit insurance, and digital assets held in your account are not insured against loss.
Insurance: We have obtained Director & Officers as well as Errors & Omissions insurance coverage in respect of our business operations.
Third Party Platform risk: USDO’s permissionless feature enables third party platforms to integrate without USDO’s consent. This may lead users to interacting with malicious contracts or contracts with security features that have not been assessed by the Issuer. The Issuer is not liable for losses related to the usage of 3rd party platforms.
Blocked addresses, Blacklisting and Forfeited funds: The Issuer reserves the right to block certain USDO addresses if it determines, in its sole discretion, that they may be associated with illegal activity or activity violating the terms of the User Agreement. If you send or receive USDO to/from a Blocked or Blacklisted Address, the Issuer may take steps to suspend or terminate your Platform Account. In certain cases, the Issuer may report suspected illegal activity to law enforcement agencies, which could result in the forfeiture of rights associated with your USDO, including redemption for USD or supported stablecoins. The Issuer may also be required to surrender USDO associated USD if mandated by a legal order from a valid government authority.
Termination Risk: You may be unable to withdraw or transfer USDO prior to our termination of the provision of any products or services, including access to your Platform Account, in which case, you may be unable to redeem USDO after your Platform Account has been terminated.
Inaccuracies Risk: Any USDO may be lost if sent to the wrong address (for example, but without limitation, if the address is improperly formatted contains errors, or is intended to be used for a different type of digital asset). Any USDO may be lost if sent to a correct address but the recipient does not act as intended. Your transaction request or email to us or via the Platform may be lost, intercepted or altered during transmission.
Reliance Risk: There are various risks you assume in relying on any text, graphics, user interfaces, information, data, tools, products, services, and other content (collectively, the "Content") provided by the Issuer via the Platform, social media accounts of the Issuer or its officers ("Social Media Accounts"), or any other means, including:
1. That all Content provided by the Issuer whether directly or through Social Media Accounts is for informational purposes only and do not constitute recommendations that you purchase, sell, redeem, or hold USDO or that you pursue any strategy in respect of USDO. Nothing on the Platform or Social Media Accounts is intended to be, and you should not consider any of the Content provided to be, trading, investment, accounting, tax, legal, or professional advice of any kind and you are advised to seek appropriate professional advice before taking any action concerning USDO.
2. Where relevant, any Content posted or made available is intended to be current as of the date it is posted/made available unless otherwise specified.
3. While reasonable efforts are made to provide accurate Content, such Content may be inaccurate, outdated, or otherwise inappropriate at the time of consumption and we have no obligation to update or correct such Content on the Platform or our Social Media Accounts.
4. Content posted on the Platform may be changed at any time without notice to you.
5. The Issuer is not liable for any action or decision taken or made in reliance of any Content and you expressly agree to the same.
6. The Platform (or portions thereof) may not always be available or function properly at any time.
7. While the Issuer makes reasonable efforts and employs appropriate safeguards to avoid technological problems, the Platform may at any time, be affected and/or may inadvertently be the source of technological problems such as viruses and other damaging computer or network based attacks.
8. problems or issues affecting third party software, networks, protocols, systems, and other technology including, any blockchain which has not been created by or for us (“Third-Party Technology”) which permits interaction with the USDO or OpenDollar Protocol and you expressly agree that the Issuer shall not be liable in such instances.
9. While reasonable security precautions are made with respect to communications with Users, the Issuer specifically disclaims liability for any interception of data or communications between Users and the Platform.

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Last updated 2 days ago

Risks

USDO Reserves risk: USDO Reserves are held in the form of digital tokens/assets such as:
1. $TBILL tokens issued by Treasury Bills Institutional Liquidity Limited, a BVI registered and regulated Professional Fund, managed by a Singapore regulated fund manager (“TBILL Fund”). The $TBILL tokens are themselves backed dollar for dollar by short term U.S. Treasury Bonds and other tokenized money market funds, such as Blackrock’s $BUIDL, with similar risk and/or liquidity profiles as the $TBILL, held by the TBILL Fund in regulated custodians. Defaults on U.S. Treasury Bonds could lead to loss of collateral value. Similarly, $TBILL tokens that act as the USDO Reserves held by the Issuer in their custodian accounts may be lost or inaccessible due to various factors including, without limitation, discovery of wrongful conduct, digital attacks, insolvency of the Issuer and other factors outside of our control.
Blockchain-Related risk: The use of blockchain technology entails inherent risks, such as irreversible transactions, which may lead to permanent loss of assets in cases of errors or unauthorized transactions.
Fork risk: The permissionless nature of blockchains means that existing supported blockchains may fork. The Issuer will inform users in advance in case new forks are supported, so that Users can track the blockchains where ownership of assets continues to be supported for redemptions.
Smart Contract Risk: Smart contracts used on the Platform may contain vulnerabilities or unforeseen issues that could result in asset loss or disruptions to our products and services. The Issuer has taken steps to mitigate such risks, including audits and monitoring, but no smart contract is risk free.
Liquidity and Listing risk: Market fluctuations, changes in listing status, or other factors may impact the liquidity and value of digital assets held in your Wallet, or used to transact on the Platform.
Legal risk: Changes in laws or regulations in your jurisdiction or internationally may impact your ability to use our Platform or the USDO or the legal status of your digital assets.
Regulatory Changes: Any digital asset such as USDO may decrease in value or lose all of its value due to legislative or regulatory activity, or other governmental or regulatory action. Governmental and regulatory authority regulation of digital assets are unsettled and rapidly evolving.
Exchange risk: The loss or compromise of digital asset exchanges may result in the loss of your assets or disruptions to our products and services, particularly where such platforms support the USDO.
Trading Risk: Trading digital assets involves inherent risks, including market volatility, and may result in the loss of some or all of your assets.
Banking Risk: Changes in banking relationships or regulations may impact the availability of our products and services, including the ability to deposit or withdraw fiat currency.
No Deposit Insurance: The Issuer does not provide deposit insurance, and digital assets held in your account are not insured against loss.
Insurance: We have obtained Director & Officers as well as Errors & Omissions insurance coverage in respect of our business operations.
Third Party Platform risk: USDO’s permissionless feature enables third party platforms to integrate without USDO’s consent. This may lead users to interacting with malicious contracts or contracts with security features that have not been assessed by the Issuer. The Issuer is not liable for losses related to the usage of 3rd party platforms.
Blocked addresses, Blacklisting and Forfeited funds: The Issuer reserves the right to block certain USDO addresses if it determines, in its sole discretion, that they may be associated with illegal activity or activity violating the terms of the User Agreement. If you send or receive USDO to/from a Blocked or Blacklisted Address, the Issuer may take steps to suspend or terminate your Platform Account. In certain cases, the Issuer may report suspected illegal activity to law enforcement agencies, which could result in the forfeiture of rights associated with your USDO, including redemption for USD or supported stablecoins. The Issuer may also be required to surrender USDO associated USD if mandated by a legal order from a valid government authority.
Termination Risk: You may be unable to withdraw or transfer USDO prior to our termination of the provision of any products or services, including access to your Platform Account, in which case, you may be unable to redeem USDO after your Platform Account has been terminated.
Inaccuracies Risk: Any USDO may be lost if sent to the wrong address (for example, but without limitation, if the address is improperly formatted contains errors, or is intended to be used for a different type of digital asset). Any USDO may be lost if sent to a correct address but the recipient does not act as intended. Your transaction request or email to us or via the Platform may be lost, intercepted or altered during transmission.
Reliance Risk: There are various risks you assume in relying on any text, graphics, user interfaces, information, data, tools, products, services, and other content (collectively, the "Content") provided by the Issuer via the Platform, social media accounts of the Issuer or its officers ("Social Media Accounts"), or any other means, including:
1. That all Content provided by the Issuer whether directly or through Social Media Accounts is for informational purposes only and do not constitute recommendations that you purchase, sell, redeem, or hold USDO or that you pursue any strategy in respect of USDO. Nothing on the Platform or Social Media Accounts is intended to be, and you should not consider any of the Content provided to be, trading, investment, accounting, tax, legal, or professional advice of any kind and you are advised to seek appropriate professional advice before taking any action concerning USDO.
2. Where relevant, any Content posted or made available is intended to be current as of the date it is posted/made available unless otherwise specified.
3. While reasonable efforts are made to provide accurate Content, such Content may be inaccurate, outdated, or otherwise inappropriate at the time of consumption and we have no obligation to update or correct such Content on the Platform or our Social Media Accounts.
4. Content posted on the Platform may be changed at any time without notice to you.
5. The Issuer is not liable for any action or decision taken or made in reliance of any Content and you expressly agree to the same.
6. The Platform (or portions thereof) may not always be available or function properly at any time.
7. While the Issuer makes reasonable efforts and employs appropriate safeguards to avoid technological problems, the Platform may at any time, be affected and/or may inadvertently be the source of technological problems such as viruses and other damaging computer or network based attacks.
8. problems or issues affecting third party software, networks, protocols, systems, and other technology including, any blockchain which has not been created by or for us (“Third-Party Technology”) which permits interaction with the USDO or OpenDollar Protocol and you expressly agree that the Issuer shall not be liable in such instances.
9. While reasonable security precautions are made with respect to communications with Users, the Issuer specifically disclaims liability for any interception of data or communications between Users and the Platform.

PreviousToken Price NextTrust & Transparency

Last updated 2 days ago