Risk Disclosure

Read this before joining the beta list or using the HedgePay application. It states plainly what HedgePay is and is not, and the risks of holding digital dollars in a self-custodial wallet.

1. HedgePay is not a bank

HedgePay is software. Nabla Finance OÜ is not a bank, payment institution, electronic money institution, broker or investment adviser, and is not supervised as one. Balances held through HedgePay are not deposits, earn no statutory protection, and are not covered by any deposit guarantee or investor compensation scheme in any country.

2. What “digital dollars and euros” are

The balances shown in HedgePay are stablecoins: digital tokens issued by third parties that aim to hold a value of one US dollar or one euro each. They are USDC and EURC, issued by Circle Internet Financial, LLC and, in the European Union, by Circle Internet Financial Europe SAS, both subsidiaries of Circle Internet Group, Inc. They are not legal tender in any country. Their value depends on the issuer maintaining reserves and on the market continuing to accept them. HedgePay does not issue them and does not guarantee their value.

3. Self-custody

Your HedgePay wallet is self-custodial. Only you control the keys that move your funds. HedgePay cannot freeze, move or access them. The consequence is that you are responsible for them: if you lose access to your device and your recovery method, no one — including HedgePay — can restore your funds. Access and recovery use your email address: you sign in with a one-time code sent to it, and the same email lets you reattach your wallet on a new device. There is no password. HedgePay cannot verify you by other means and cannot restore access on your behalf: if you permanently lose control of that email account, you lose access to your funds and no one can recover them. Protect the inbox with a strong password and two-factor authentication at your email provider.

Self-custody is a statement about who controls the keys, not a statement that funds are safe from every risk. Software bugs, phishing, device compromise and network failures can all cause loss.

4. Yield is variable and not guaranteed

Where HedgePay lets you earn on your balance, the yield comes from third-party on-chain lending markets that HedgePay does not control. The rate changes continuously, can fall to zero, and the principal is at risk if the underlying protocol fails or is exploited. Any figure shown on this website is an illustration based on past rates, not a promise. Only allocate what you can afford to lose.

5. Converting to and from local currency

Moving money between your bank or local payment system and your wallet is done by third-party providers, not by HedgePay. Each provider operates under its own authorisation and terms, may decline or delay a transfer, may apply identity checks, and may charge fees or apply an exchange rate. Availability differs by country and can be withdrawn. While a transfer is in transit it is subject to the provider’s terms, not HedgePay’s.

6. Blockchain transactions are final

Transfers on the Stellar network cannot be reversed. If you send to the wrong address, the funds are gone. Network fees and congestion are outside HedgePay’s control.

7. Taxes and reporting

Holding, receiving or converting digital dollars may have tax or reporting consequences in your country. You are responsible for them. HedgePay does not provide tax advice and does not withhold or report on your behalf unless the law requires it.

8. Country-specific regulatory information

Bolivia. Virtual-asset services in Bolivia are provided through channels authorised by ASFI. Digital dollars are not legal tender in Bolivia and are held at your own risk.

Argentina. Conversion between pesos and digital dollars is performed by a virtual-asset service provider registered with the CNV. Digital assets are not legal tender in Argentina, are not covered by the capital-markets law, and their offering documents are not reviewed by the CNV. Holdings may be subject to the personal-assets tax (Bienes Personales).

Brazil. Receiving digital dollars from abroad into your own wallet, and converting between reais and digital dollars, is a foreign-exchange operation under Central Bank rules; IOF and other taxes may apply and are shown before you confirm. Depositing reais via Pix is available to Brazilian residents with a CPF; non-residents can withdraw to Pix but not deposit. Allocations abroad may require declaration to the Central Bank above legal thresholds.

Colombia. Conversion between pesos and digital dollars is performed by a third-party provider without a foreign-exchange intermediary. Digital assets are not legal tender in Colombia. Reporting obligations to DIAN may apply above legal thresholds.

El Salvador. Digital-asset services in El Salvador are provided through providers registered with the CNAD.

9. Beta software

The HedgePay application is in beta. Features may change or be withdrawn, and defects may exist. Do not hold more in a beta wallet than you are prepared to lose while the software matures.

10. No advice

Nothing on this website or in the application is investment, legal or tax advice. Decide for yourself, or with a professional, whether HedgePay suits your situation.