Privacy Policy

1. Introduction

This Privacy Policy explains how Bound, that enables users to mint a Bitcoin-native stablecoin, bUSD, backed by a basket of reputable stablecoins such as USDC and USDT. We prioritize transparency while acknowledging the public nature of blockchain interactions.

2. Information We Collect

Our data collection is minimal and shaped by our structure:

• Blockchain Data: When you connect a wallet to our platform or interface, we collect your publicly available blockchain address and transaction details (e.g., token amounts). This data is logged on-chain and inherently visible to anyone via blockchain explorers.

• Usage Data: If you use our front-end interface (e.g., a website), we may collect anonymized off-chain data such as device type, browser version, or interaction logs (e.g., clicks on the interface).

• Voluntary Data: If you contact us (e.g., via support channels), any info you provide (e.g., email) is processed only for that purpose.

3. How We Use Your Information

• Transaction Processing: Blockchain data enables mint and redemption execution, core to our stablecoin functionality.

• Improvement: Usage data helps us optimize the interface.

• Security: We may screen wallet addresses against illicit activity, to prevent harm or comply with legal standards.

4. Data Sharing and Disclosure

• Public Blockchain: All on-chain activity (e.g., mints, redemptions, etc) is public and immutable, beyond our control.

• Third Parties: We may share wallet addresses with service providers for technical support or risk assessment.

• Legal Obligations: If compelled by law, we may disclose data, though our platform setup limits our ability to do so.

5. Data Security

We secure any off-chain data we control (e.g., interface logs) with industry-standard measures like encryption. However, we’re not responsible for blockchain security or your wallet’s safety—users must protect their private keys.

6. User Rights and Choices

• Transparency: Check your on-chain activity via blockchain explorers.

• Opt-Out: You can disable interface cookies, if applicable, though core protocol use relies on blockchain interaction.

• No Accounts: We don’t maintain user accounts, so there’s no personal data to delete—your wallet is your control point.

7. Changes to the Policy

We may update this policy, posting changes on our site or governance channels.

8. Contact Information

Reach us at [e-mail] for questions.