Effective November 19, 2025
By purchasing, holding, or using TBillUSD tokens ("Tokens"), you agree to these Terms of Use ("Terms"). If you do not agree to these Terms, do not use the Tokens.
The Token is a digital asset issued by TBUSD, Inc., targeting over-collateralized reserves in short-term U.S. Treasury Bills and dollar equivalents (verified pre-mint only, subject to market fluctuations and settlement delays). Reserves may include T-Bills, USD cash, money market funds, other stablecoins, operational assets, and pending settlements. The Token targets a $1.00 price through market operations, not through direct redemption guarantees. Value is determined solely by market trading on exchanges.
Users must buy and sell tokens exclusively through participating exchanges and market venues.
Tokens may initially launch at prices between $0.99-$1.00 to incentivize adoption and provide arbitrage opportunities. The $1.00 peg target is achieved through market operations over time, not guaranteed at launch.
Tokens are not legal tender, are not backed by any government, and are not subject to FDIC or SIPC protections. Tokens are not intended as investments and do not represent ownership interests, debt obligations, or rights to profits.
The Operator reserves the following rights, exercisable at its sole discretion:
The Operator may burn tokens from treasury holdings and withdraw equivalent reserves for operational purposes, including market operations and peg defense. When tokens are burned:
Token liquidity is provided through participating cryptocurrency exchanges and market makers. Users buy and sell tokens through these established market venues, subject to each exchange's terms and conditions.
The issuer does not provide direct redemption services to token holders. Tokens do not create any redemption rights, claims against reserves, or obligations for the issuer to purchase tokens at any price.
Token value is determined by market forces and trading activity on participating exchanges. The issuer makes no guarantees about token price, liquidity, or the availability of trading venues.
The Operator may terminate the Token program at any time for any reason.
In the event of program termination, the Operator may:
Any wind-down process will primarily occur through normal market channels. The issuer may participate in markets to acquire tokens but has no obligation to offer above-market prices or guarantee any specific redemption value.
The issuer makes no guarantees about wind-down procedures, final token values, or specific treatment of token holders during any termination process.
Token trading occurs on independent cryptocurrency exchanges. The issuer is not responsible for exchange policies, fees, availability, or user experiences on third-party platforms.
Affiliated entities intend to provide market-making services to support token liquidity and price stability, but retain complete discretion over such activities. Market-making may be modified, suspended, or terminated without notice and creates no obligations to any token holder.
Neither the issuer nor affiliated entities make any guarantees about:
Tokens are designed as a medium of exchange and store of value, not as an investment contract, security, or speculative instrument.
Token ownership does not confer:
Users should not acquire Tokens with an expectation of profit from the efforts of the issuer or affiliated entities. Token value may fluctuate and may result in loss.
Token operations involve separate entities:
The issuer may transfer tokens to affiliated entities at fixed prices (typically $1.00) for market operations. These internal transfers:
All customer-facing activities (KYC, AML, customer support) are handled by licensed exchanges. The issuer maintains no direct retail customer relationships.
The Token smart contract includes loss prevention features for user protection:
The issuer retains sole authority over token issuance, burning, and supply management decisions. All supply changes are conducted at the issuer's discretion based on reserve backing and operational requirements.
Token minting is subject to automatic safety limits designed to prevent excessive supply changes:
These limits may be modified or overridden by Governance at its discretion.
Token holders have no rights to distributions, rebases, airdrops, or other forms of token allocation. Any supply adjustments benefit the ecosystem generally without creating individual entitlements.
Users are solely responsible for all tax consequences of holding, trading, or otherwise dealing with Tokens in their jurisdiction.
By using Tokens, you acknowledge and accept the following risks:
Token smart contracts may contain bugs, vulnerabilities, or exploits that could result in loss of Tokens or value.
Laws and regulations may change, potentially affecting Token availability, value, or legality in certain jurisdictions.
Token price may deviate from the $1.00 target due to market conditions, liquidity constraints, or other factors. Market-making activities may be insufficient to maintain price stability.
The Operator may experience technical failures, security breaches, or other operational issues affecting Token functionality.
Banks, brokers, or other service providers holding reserves may fail or become insolvent.
Blockchain networks may experience congestion, forks, attacks, or other disruptions.
Affiliated entities may reduce, suspend, or terminate market-making activities, potentially affecting token liquidity and price stability.
You agree not to:
Use Tokens for any illegal purpose or in violation of applicable laws in your jurisdiction.
Engage in activities that violate exchange terms, anti-money laundering laws, or sanctions requirements.
Attempt to exploit, hack, interfere with, or attack Token smart contracts, infrastructure, or related systems.
Use Tokens if you are subject to economic sanctions, located in prohibited jurisdictions, or otherwise restricted from cryptocurrency activities.
All Token transactions are publicly visible on the blockchain.
The issuer does not directly collect personal information from token holders. Any KYC/AML requirements are handled by exchanges and trading platforms.
Users are subject to the privacy policies and data handling practices of exchanges and other platforms where they trade or hold tokens.
You agree to indemnify, defend, and hold harmless the Operator and its affiliates from any claims, damages, losses, or expenses arising from your use of Tokens or violation of these Terms.
TOKENS ARE PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. NO GUARANTEES ARE MADE REGARDING PRICE STABILITY, MARKET-MAKING ACTIVITIES, OR TOKEN FUNCTIONALITY.
IN NO EVENT SHALL THE OPERATOR OR AFFILIATED ENTITIES BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES ARISING FROM TOKEN USE OR MARKET OPERATIONS.
THE OPERATOR'S TOTAL LIABILITY SHALL NOT EXCEED THE PROPORTIONAL AMOUNT OF RESERVES CORRESPONDING TO YOUR TOKENS AT THE TIME OF CLAIM.
These Terms are governed by Wyoming law without regard to conflict of law principles.
Disputes shall be resolved through binding arbitration under American Arbitration Association rules.
You waive any right to bring claims as part of a class or representative action.
The Operator may modify these Terms at any time by posting updated Terms.
Material changes will be announced through official channels with reasonable notice.
Continued use of Tokens after Terms modifications constitutes acceptance of updated Terms.
These Terms constitute the entire agreement regarding Token use.
If any provision is unenforceable, remaining provisions continue in effect.
Failure to enforce any provision does not constitute waiver.
The Operator may assign these Terms; users may not assign without consent.
For questions about these Terms:
TBUSD, Inc.
30 N Gould St #56241
Sheridan, WY 82801
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Last Updated: November 19, 2025 BY USING TBUSD TOKENS, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS OF USE.