What is a Stably Prime?
Stably Prime is a borderless account (wallet) that holds both cryptocurrencies and stablecoins. It is built for both institutional and individual users that provides 24/7 access to cutting edge financial services, and offers the best aspects of traditional finance and blockchain ecosystems to provide a superior product and user experience. Whether you want to buy or sell stablecoins to conduct regular remittance payments, pay a friend or send crypto to a family member, Stably Prime is your go-to!
Stably Prime is intended only to be used in conjunction with Stably’s regulated financial institution partners. Stably Prime is powered by our Regulated Custodial Partner, Prime Trust, through Stably’s platform. Your Stably Prime fiat funds will be deposited into a custodial account maintained by Prime Trust for the benefit of account holders at one or more FDIC-insured banks. Your cryptocurrencies, stablecoins, and other digital assets will be deposited into and secured in cold storage by Prime Trust. Prime Trust’s fees, terms and conditions as well as any additional pricing from Stably are outlined in the Stably Prime fee schedule.
All asset custody, funds processing, convertible virtual currency administration, issuance, redemption, trustee and fiduciary services are provided by Prime Trust. Digital assets are held in secure cold storage and USD funds are held in FDIC-insured bank accounts by Prime Trust. Stably is a technology services provider, not a licensed or regulated financial institution, and Stably does not manage or take custody of client funds.
Stably also partners with other third-party over-the-counter (“OTC”) cryptocurrency dealers on the PrimeX network to provide cryptocurrency trading services for Stably Prime account holders. PrimeX is Prime Trust’s internal settlement system that facilitates 24/7 fund transfer services among Prime Trust account holders, including Stably Prime clients, OTC traders, liquidity providers, and cryptocurrency exchanges. Additional OTC trading fees with our partners on PrimeX may vary based on each transaction’s size as well as current market conditions. The Stably Prime platform will provide the latest quote and fee estimates from our partners in order to obtain user approval before each trade can be executed and settled on PrimeX.
PrimeTrust and PrimeX have additional terms and conditions applicable to their services.
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