Global USD Account Terms of Use

These product-specific terms of use (“Global USD Account Terms”) govern your access to and use of your account services related to your dollar-denominated account interface through which you can create digital wallets; self-custody supported digital assets; and monitor, maintain, and transact with supported digital assets (the “Global USD Account”). Such services are made available to you through us in collaboration with third-party service providers accessible through our Website, mobile application, or API (collectively, the “Site”).

These Global USD Account Terms supplement and form part of the Slash Terms of Service available at https://www.slash.com/legal/terms-of-service (the “TOS”). If any provisions of these Global USD Account Terms conflict with the TOS, these Global USD Account Terms control only with respect to the Global USD Account, including all services and functionality related to your digital wallets and digital assets, including our branded stablecoin (“USDSL”), a U.S.-dollar pegged stablecoin issued by a third party; otherwise, the TOS govern. Any capitalized terms herein refer to the capitalized terms in the TOS.

By agreeing to these terms, creating an account, or otherwise accessing the Site, you acknowledge that you have read, understood, and agree to be bound by both the Global USD Account Terms and the TOS. If you do not agree, do not use the Site.

1. Key Roles and Services

Slash provides the user interface, branding, and customer support related to your use of the Global USD Account.

Through our Site and with the facilitation of the third-party service providers, you may perform the following functions: (i) convert fiat currency into USDSL, which will be displayed on your Account; (ii) convert digital assets which are not USDSL (“Other Tokens”) into USDSL, which will be displayed on your Account; (iii) convert your USDSL into U.S. Dollars, deposited with our Account Providers (and displayed on your Account); (iv) convert your USDSL holdings into U.S. Dollars, deposited with an external bank account at your direction (and not displayed on your Account); and (v) convert USDSL displayed on your Account into Other Tokens.

Although Slash may display amounts related to your digital assets, Slash does not have any control or custody over such assets. The display is a reference of information provided via a public blockchain, and may not be completely up to date. All amounts displayed in your Account in fiat currency are deposited into our Account Providers as disclosed in our TOS and elsewhere on our Site.

You authorise Slash to transmit your identifying information to any third-party service providers as required by anti-money-laundering and Travel-Rule regulations.

2. Wallet Mechanics

All records of digital asset transactions are maintained on a decentralized ledger known as a blockchain, which itself is managed by independent parties (“Validators”) not under Slash’s control and typically not affiliated with each other. Your interactions involving any digital assets on our Site must be facilitated by a specialized interface that allows you to broadcast messages to be reviewed by Validators for inclusion on this decentralized ledger. This specialized user interface is commonly referred to as a “wallet,” and, for the Global USD Account, is provided by Turnkey Global, Inc. and Alchemy Insights, Inc. (“Wallet Service Providers”), independent third-party service providers.

Slash does not (a) hold or safeguard your digital assets; (b) hold or safeguard any reserves backing any stablecoins; (c) provide any wallet-related services; (d) guarantee any redemption rights related to any stablecoins; or (e) otherwise provide money transmission, trust, or escrow services.

3. USDSL Mechanics

USDSL is a cryptographic token issued by Bridge Building Inc (“Issuer”), an independent third-party service provider. USDSL is intended to maintain a value of approximately one (1) U.S. Dollar per USDSL token. All technical specifications, reserve composition, and peg mechanics are all determined by Issuer and may change over time pursuant to the terms of the Issuer, available at https://www.bridge.xyz/legal/row-user-terms/bridge-building-limited (“Issuer Terms”).

Requests to mint or redeem USDSL are processed directly through Issuer. Slash never takes possession of fiat currency or digital assets. All fees charged by Slash or passed on from any third-party service providers to you are disclosed in Section 4 of these Global USD Account Terms. Issuer may charge additional fees not disclosed here, associated with minting, redemption, transfer, or other use of USDSL, which may or may not be disclosed in the Issuer Terms.

USDSL is redeemable with the Issuer on a 1:1 basis for U.S. dollars. Redemption requests are processed by the Issuer, typically within one U.S. banking day, subject to the Issuer Terms.

4. Fees

USDSL Minting (Deposit):No platform fee for USDC/USDT deposits when minting USDSL.
USDSL Burning (Payment):No platform fee for USDC/USDT payments when burning USDSL.
Conversion Between USDSL and USD:Up to 0.75% (75 bps) fee.
ACH Transfers:Up to $1 fee per transfer.
Wire Transfers:Up to $30 fee per transfer.

All third-party fees are passed through at cost, including any fees related to USDC and USDT exchange. USDC/USDT will be exchanged at the market rate.

Slash reserves the right to modify the fees at any time, in its sole discretion, and continued use of the Global USD Account will constitute consent to such changes. All fees are non-cancelable and unless otherwise stated in an Order Form, non-refundable.

5. Rewards (Expires December 31, 2025)

USDSL does not pay interest or share reserve yield. Rewards, if any, are promotional rebates funded solely by Slash.

Subject to Issuer approval, as a one-time launch offer, Slash will offer the following incentive to customers:

Customers who sign up for a USDSL account on or before August 19, 2025 receive up to 4.5% of the value of their average daily USDSL holdings held in their USDSL account up to and including December 31, 2025 (“Reward Calculation Period”). For example, if a customer holds a daily average of 100,000 USDSL in their USDSL account for 90 days within the Reward Calculation Period, that customer will receive 1,109.59 USDSL in rewards.

The maximum amount a customer may receive as part of this incentive program is 25,000 USDSL.

6. Eligibility and Geographic Restrictions

You must be 18 years old to access all services related to the Global USD Account, and you must be legally competent to enter into these Global USD Account Terms. You represent to us you will not make use of the Global USD Account in violation of any applicable law in the jurisdiction in which you reside.

You represent you are not (a) located in, or a resident or national of, any jurisdiction that is comprehensively sanctioned by the U.S., including through the Office of Foreign Assets Control; or (b) listed on any U.S. government sanctions list, including the Specially Designated Nationals list. You are responsible for ensuring your use of the Site is lawful in your jurisdiction.

The Global USD Account is not currently available to entities based in New York or Alaska.

7. Account and Wallet

You agree to provide us with accurate information and to keep your Account current. You authorize Slash to share any of your Account information with our third-party service providers in order to provide all Global USD Account-related services, and otherwise as necessary for compliance or operational purposes.

Your wallet is provided by a Wallet Service Provider. The Site does not take custody of your assets. It is your responsibility to ensure the emails, private keys, seed phrases, or backups required to access your wallet (“Access Devices”) where you store your digital assets are kept secure and private. Any loss of such Access Devices may result in the permanent, irreversible loss of your digital assets, a risk for which you accept full responsibility. Slash does not operate the software related to your wallet, and cannot provide any loss recovery services related to your loss of the Access Devices required for you to access digital assets (including USDSL) in your wallet. Further information regarding your wallet can be found at the websites of the Wallet Service Providers: https://legal.alchemy.com/, https://www.turnkey.com/legal/terms. Your use of the wallet is subject to the Alchemy Terms and Turnkey Terms.

8. Additional Risks

By accessing or using the Platform in any way, you represent and warrant that you understand the following, and you absolve Slash for all liability related to such risks:

the use of digital assets is an extremely novel technical area and is subject to material risks which may lead to total loss of user assets, especially where you no longer have possession of Access Devices related to your wallet. All digital asset transactions involve the use of smart contracts that are subject to many known and unknown risks, including smart contract exploits of the actual smart contract code to produce outcomes different than those the original smart contract was designed to achieve, and cyberattacks intended to gain unauthorized control of the smart contracts or associated systems.
that you accept all risks associated with using any interfaces provided Slash related to the use of your Global USD Account (“Slash Interfaces”). All interfaces, including the Slash Interfaces, are subject to many known and unknown risks. You are not required to use the Slash Interfaces, nor are we advising you in any way to use them. Each interface is subject to many risks, including the interface domain becoming compromised, and you interact with interfaces, including the Slash Interfaces, at your own risk.
that Slash will not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using the Site, however caused. Slash takes no responsibility for and will not be liable for any losses, damages or claims arising from the use of the Site including, but not limited to, any losses, damages or claims arising from:
1. passwords being "Bruteforced",
2. server failure or data loss,
3. forgotten passwords,
4. corrupted wallet files,
5. incorrectly constructed transactions or mistyped blockchain network addresses; or
6. unauthorized access to mobile applications,
7. “phishing," viruses, third-party attacks or any other unauthorized third-party activities.
the inherent risks associated with cryptographic systems and blockchain-based networks; digital assets, including the usage and intricacies of native digital assets; smart contract-based tokens; and systems that interact with blockchain-based networks. Slash does not own or control any of the underlying software through which blockchain networks are formed. In general, the software underlying blockchain networks is open source, such that anyone can use, copy, modify, and distribute it.
(i) Slash is not responsible for the operation of the software and networks underlying USDSL or any other digital assets, (ii) there exists no guarantee of the functionality, security, or availability of that software and networks, and (iii) that the underlying networks are subject to sudden changes in operating rules, such as those commonly referred to as “forks,” which may materially affect your use of any digital assets.
the Site and your digital assets could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit the ability of Slash to continue to make available any portion(s) of the Site which rely on any Slash proprietary software and, thus, could impede or limit your ability to access or use the Site.
cryptography is a progressing field with advances in code cracking or other technical advancements, such as the development of quantum computers, which may present risks to digital assets, and could result in the theft or loss of your digital assets.
the Site is subject to flaws and that you are solely responsible for evaluating any code provided by the Site. This warning and others Slash provides is in no way evidence of, and nor does it represent an on-going duty to alert you to all of the potential risks of using or accessing the Site.
although we intend to provide accurate and timely information on the Site, the Site and other information available when using the Site may not always be entirely accurate, complete, or current and may also include technical inaccuracies or typographical errors. To continue to provide you with as complete and accurate information as possible, information may be changed or updated from time to time without notice, including, without limitation, information regarding our policies. Accordingly, you should verify all information before relying on it, and all decisions based on information contained on the Site are your sole responsibility. No representation is made as to the accuracy, completeness, or appropriateness for any particular purpose of any pricing information distributed via the Site. Prices and pricing information may be higher or lower than prices available on platforms providing similar services.
transactions entered into in connection with digital assets are irreversible, final and there are no refunds. The Issuer may refuse mint or burn requests that violate law or Issuer policy. You acknowledge and agree that you will access and use the Site at your own risk. The risk of loss in transacting in digital assets can be substantial. You should, therefore, carefully consider whether such transactions are suitable for you in light of your circumstances and financial resources.
you have been, are, and will be solely responsible for making your independent appraisal and investigations into the risks of a given transaction and the underlying digital assets. You represent that you have sufficient knowledge, market sophistication, professional advice, and experience to make your evaluation of the merits and risks of any transaction conducted in connection with the Site or any digital asset. You accept all consequences of using the Site, including the risk that you may lose access to your digital assets indefinitely. All transaction decisions are made solely by you. Notwithstanding anything in these Global USD Account Terms, we accept no responsibility whatsoever for, and will in no circumstances be liable to you in connection with, your use of the Site for performing digital asset transactions.
we must comply with Applicable Law, which may require us to, upon request by government agencies, take certain actions or provide information, which may not be in your best interests.

9. Miscellaneous

All terms related to the use of intellectual property rights, limitations of liability, disclaimers, indemnification, dispute resolution, governing law, modification of terms, and termination or suspension of services, are governed by the TOS. Please review the TOS carefully; those provisions apply to your use of the Site and Global USD Account services provided therein to the fullest extent permitted by law.

10. Contact Information

Questions? Email us at support@slash.com.