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Compliance & risk

_Plain-language summaries of these points appear throughout the docs (see Security, Money & fees, and Earn); this page is the controlling legal version. This…

Plain-language summaries of these points appear throughout the docs (see Security, Money & fees, and Earn); this page is the controlling legal version. This page forms part of the StableAccount Terms of Service and is incorporated by reference. Capitalized terms have the meaning given in the Terms.

1. What StableAccount is (and is not)

StableAccount provides a software interface and non-custodial technology that lets you interact with third-party wallet infrastructure, public blockchains, and third-party protocols. StableAccount is a technology provider only.

StableAccount is designed to operate as a non-custodial technology provider and does not take possession, custody, or control of your funds or private keys. On that basis, StableAccount does not consider itself to be, and does not hold itself out as:

  • A bank or deposit-taking institution. We do not accept deposits, we do not hold your funds, and we do not maintain accounts on your behalf in the sense a bank does. References to an “account,” “balance,” or ”$” in the interface describe assets held in your own self-custodial smart account, not a claim against StableAccount.
  • A money transmitter or money services business that holds or transmits your funds. StableAccount does not take possession, custody, or control of your funds or private keys at any point. Transfers you initiate are executed by you, from your own wallet, on public blockchains and through third-party routing infrastructure. Where fiat currency is moved (on-ramp / off-ramp), that activity is performed by a licensed third-party provider (see §4), not by StableAccount.
  • A broker-dealer, exchange, or investment adviser. We do not offer, recommend, solicit, or provide advice about securities or investments. The Earn feature is a software interface to third-party protocols; it is not an investment product offered by StableAccount and we do not act as your adviser or fiduciary.
  • A custodian. At all times, assets remain in wallets and smart accounts that you control, or in third-party protocols you choose to interact with. See §2.

The characterizations above are StableAccount’s own view of its activity and are not a determination binding on any regulator. The regulatory treatment of non-custodial software is evolving and may differ by jurisdiction (see §5, Regulatory risk).

2. Non-custodial nature of the service

StableAccount is non-custodial. This is central to the product and to your legal relationship with us.

  • You sign in via Privy, which provisions an embedded wallet. Privy manages the underlying key material within its infrastructure so that transactions can only be authorized through your login. StableAccount never holds, stores, or has access to your private keys or your funds. The security of your account depends on your login method and Privy’s infrastructure.
  • Each StableAccount is an ERC-4337 smart account (built on ZeroDev Kernel) that you control.
  • Because we are non-custodial, you are solely responsible for maintaining access to your login credentials and wallet. If you lose access to your authentication method and any available recovery options, StableAccount cannot recover your funds, reset your keys, or reverse transactions on your behalf. Blockchain transactions are generally irreversible.
  • You are responsible for verifying every recipient, address, @handle, amount, network, and asset before you authorize a transaction. We cannot cancel, reverse, or refund a completed on-chain transaction.

See also Security.

3. No deposit insurance

Funds accessed through StableAccount are NOT insured or guaranteed by any government or deposit-insurance scheme.

  • There is no protection from any government or deposit-insurance scheme in any jurisdiction. No such scheme applies because your balance is not a bank deposit.
  • Your assets are held in self-custodial wallets and, where you choose, in third-party protocols. They are not bank deposits, are not a deposit product, and carry no principal guarantee. You may lose some or all of your assets (see §5).

4. KYC / AML, fiat handling, and third-party providers

StableAccount itself does not custody fiat currency, does not operate bank rails, and does not itself perform identity verification for fiat movement.

  • Identity verification (KYC), anti-money-laundering (AML) screening, and fiat on-ramp / off-ramp (bank and card) are performed by third-party providers: MoonPay for fiat on-ramp (buying / adding dollars) and Transak for fiat off-ramp (cashing out to bank or card). Each of MoonPay and Transak states that it is licensed/registered to conduct this activity in the jurisdictions it serves; each provider’s regulatory status, licensing, and availability are determined by that provider and vary by jurisdiction, and StableAccount makes no representation about them. When you buy or sell using fiat, you transact directly with that provider and are subject to its terms, privacy policy, and verification requirements. That provider — not StableAccount — is responsible for the regulated fiat activity and any related KYC/AML obligations.
  • Access to certain features may require you to complete a third party’s verification, and access may be refused, restricted, or reversed by that third party under its own policies. StableAccount may also be required to restrict access to comply with law, sanctions, or third-party requirements.

See the full provider list on Third parties. Each provider is governed by its own terms; those terms, and not this document, govern that provider’s service.

5. Risk factors

Using StableAccount and the protocols it interfaces with involves significant risk. You should not commit assets you cannot afford to lose. Risks include, without limitation:

  • Smart-contract risk. StableAccount relies on smart contracts (ERC-4337 smart accounts, Gnosis Safe, ERC-4626 vaults, routing contracts) built and operated by third parties. Smart contracts may contain bugs, vulnerabilities, or economic-design flaws. Audits (where performed by the relevant provider) reduce but do not eliminate this risk, and StableAccount does not itself audit or verify the audit status of these contracts. Exploits, failures, or upgrades in these contracts can result in partial or total loss of assets, and StableAccount cannot recover such losses.
  • Market / yield risk (Earn). The Earn feature provides access to third-party DeFi lending markets (e.g., Morpho, Spark). Yield (APY) is live, variable, and not guaranteed, and may change or reach zero at any time. Earn is not a deposit product, carries no insurance and no principal guarantee, and you bear the underlying smart-contract, liquidity, and market risk. Withdrawals depend on protocol liquidity and availability and may be delayed or unavailable. Market events (including defaults, bad debt, or liquidity stress) can reduce yield or cause loss of principal. Past or displayed APY is not a promise of future returns.
  • USDC / stablecoin depeg risk. USDC is issued by Circle and is intended to track approximately one US dollar, but this is not guaranteed. StableAccount does not issue USDC and does not guarantee its value or redeemability. USDC (or any stablecoin used) may lose its peg, trade below $1, or become illiquid or non-redeemable due to issuer, reserve, banking, regulatory, or market events. Your ”$” balance reflects stablecoin holdings, not US dollars held at a bank.
  • Network, routing, and execution risk. Blockchain congestion, reorgs, failed transactions, paymaster/bundler unavailability, solver behavior, and slippage may affect whether, when, and at what price a transaction settles. Settlement times are not guaranteed. Cross-network routing carries a solver spread and may fail or return funds. Transactions are generally irreversible.
  • Availability by jurisdiction. The Service, and specific features (including Earn, fiat on/off-ramp, confidential routing, and others), may be unavailable, restricted, or unlawful in certain countries, regions, or for certain persons. You are responsible for ensuring your use is lawful where you are located. We may restrict or discontinue access, features, or providers in any jurisdiction at any time, including to comply with law or third-party requirements.
  • Third-party dependency risk. The Service depends on the third parties listed in §4 and on Third parties. If any provider suffers downtime, discontinues service, changes terms, restricts access, or fails, your ability to access funds or features may be impaired.
  • Regulatory risk. Laws and regulations applicable to stablecoins, self-custody, DeFi, and digital assets are evolving and uncertain, and future changes may adversely affect the Service, your assets, or your ability to use certain features.
  • Nothing provided by StableAccount — in the app, documentation, reports, marketing, FX reference rates, accounting records, or support — constitutes legal, tax, accounting, financial, or investment advice, or a recommendation to enter into any transaction.
  • Accounting outputs (records, FX at daily-close reference rates, reports, and the “accountant package”) are tools to assist you and your advisers. They are not a substitute for professional judgment, are user-editable, are not guaranteed to satisfy the bookkeeping, tax, or reporting requirements of any jurisdiction, and you are responsible for their accuracy, sufficiency, and for verifying them. FX reference rates are indicative and may differ from rates applied by tax authorities or your own records. See Accounting & reports.
  • You are solely responsible for determining what laws, taxes, reporting, licensing, and compliance obligations apply to you and your business, and for meeting them, including in any relevant jurisdiction. Consult your own qualified legal, tax, and accounting professionals before relying on the Service.

7. Fees

StableAccount charges plan fees (Free / Solo / Business / Firm), billed via Paddle as merchant of record, and may apply take-rate overage on certain usage as described at the point of sale. Separately, your transactions incur third-party costs that are not StableAccount revenue except where stated — including network/gas fees (paid in USDC), cross-network solver spreads, and provider fees (MoonPay’s and Transak’s own fees apply to on-ramp and off-ramp respectively). Fees are disclosed in-app before you confirm where reasonably practicable. See Money & fees and Pricing.

8. No warranty; limitation of liability

The Service is provided “as is” and “as available” without warranties of any kind, to the maximum extent permitted by law. Because StableAccount is non-custodial and dependent on third parties and public blockchains, StableAccount is not liable for losses arising from third-party providers, smart-contract failures, stablecoin depeg, network conditions, your loss of credentials/keys, irreversible transactions, or your own compliance failures. Nothing in these documents or the Terms excludes or limits any liability that cannot be excluded or limited under applicable mandatory law, including consumer-protection and mandatory statutory rights in your jurisdiction; where any limitation is held unenforceable, it applies to the maximum extent permitted and the remainder continues in effect. Full warranty disclaimers and liability limitations are set out in the Terms of Service.