Acceptance and Disbursement of USDT Cryptocurrency
The Escrow Agent agrees to accept Tether (USDT) and other online currencies, as mutually agreed in writing, as forms of payment or deposit under the terms of the Original Agreement. All cryptocurrency transfers shall be made to the Escrow Agent’s designated wallet address, provided to Client(s) in writing. The Escrow Agent will only be responsible for the receipt of USDT or other specified online currencies into the designated wallet
The Escrow Agent will safeguard the received cryptocurrency according to the Original Agreement and any additional mutually agreed security protocols, including the use of cold storage, encryption, and Mult signature wallets, as practical.
The Escrow Agent’s duties with respect to digital assets are limited to the instructions and information provided by the Client(s), and to security measures reasonably appropriate for custodial services.
The closing includes all document preparation, closing statements, actual document presentation and disbursement of funds, and recording of documents.
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