LOVE Coin is an open-source utility token on the Stellar and Solana networks, powering a Web3 fintech ecosystem with SAFE Wallet, payments, staking, marketplace, and AI — operated by Wise World 2012 Limited (Hong Kong).

Is LOVE Coin a security or investment?

No. LOVE Coin is a utility token used for in-ecosystem payments, tips, rewards, and service access. It is not a security, e-money, investment contract, or guaranteed-return scheme. Token value is volatile and may decline.

Where can I buy LOVE Coin?

You can acquire LOVE on the internal CEX inside the LOVE Coin dashboard, on external Stellar and Solana DEXes, or through supported fiat on-ramp partners. Always verify the official issuer address before trading.

SAFE Wallet is the non-custodial LOVE wallet — private keys are held only by the user. It supports LOVE, USDLove, and multi-chain assets across Stellar and Solana.

How does LOVE Coin staking work?

Staking offers 5–25% APY based on lock period (30–365 days). Rates are variable and not guaranteed — they depend on platform performance and trading volume, not fixed investment yield.

What happens if a regulator requires USDL to be e-money?

Sunset clause: 90-day notice, swap to LOVE Coin on Stellar at the peg rate, retire the affected fiat credit.

Back to Legal

Public Doctrine · Draft v1

USDL Doctrine — Closed-Loop Fiat Credits

"We can only judge the future from what we have suffered in the past."

USDC, USDT and every public-chain stablecoin carry a freeze backdoor in code. USDL is our redesign: internal purchasing power inside lovecoin.life, with a public rulebook and appeal path — never a silent switch.

Last updated: 2026-07-26

1. What USDL is

USDL, EURL and future LOVE Fiat credits (GBPL, CHFL, …) are internal accounting units — USD-denominated LOVE Power and EUR-denominated LOVE Power.
They exist only inside the lovecoin.life closed-loop network: Marketplace, Wallet (utility), PayFi, LOFI, LOVA, Academy, Games, tips, referrals.
They are a unit of account and internal purchasing power — not a security, not a bank deposit, not a redeemable claim on any issuer.
On-chain sovereignty happens through separate assets on public chains (LOVE on Stellar, LBTC, sLOVE on Solana, bLOVE on Base) held in your own non-custodial DexWallet / LOVE Safe Wallet.

2. What USDL is NOT

Not a stablecoin issued to a public chain.

Not backed 1:1 by fiat in a licensed reserve.

Not redeemable to euros or dollars on demand.

Not tradeable on external CEX/DEX.

Not a claim on Wise World 2012 Limited treasury.

Not marketed to investors as a yield product.

3. Why closed-loop is safer than a public stablecoin

Every public stablecoin the world has trusted (UST, USDC on SVB weekend, BUSD) has taught us that portability = attack surface. USDL trades external portability for freedom from bank-runs, OFAC sanctions, and issuer freezes.

Threat	Public stablecoin	USDL
Issuer freezes wallet	🔴	🟢 no public wallets / brez javnih denarnic
Bank-run / de-peg	🔴 systemic	🟢 no external market / ni zunanjega trga
OFAC / sanctions	🔴 global	🟢 internal ledger / notranja knjiga
KYC creep (AMLR)	🔴	🟢 utility credits ≠ e-money
Smart-contract exploit	🔴	🟢 none / nič

4. Peg mechanics (soft peg)

USDL tracks USD 1:1 for pricing display. The peg is maintained by internal oracles (Stellar DEX × XLM/USD, CoinGecko fallback), merchant acceptance rules in LOVE Marketplace (1 USDL = $1 of goods/services), and manual rebalancing by the ops council (Tauranis + Sofija) when drift exceeds 2%.

Because USDL cannot leave the loop, no external arbitrage is possible. Drift is a UI/oracle problem, never a market-cap problem.

5. Freeze rules (the public 'code loop')

USDC has blacklist(address) in its smart contract. USDL has an equivalent — but inside our own database, with a public rulebook and mandatory review.

5.1 Grounds for freeze

Court order or lawful regulator request naming the user.
Documented evidence of theft, fraud or wash-trading of internal credits.
Active anti-manipulation event flagged by Tauranis or Sofija — auto-freeze, must be reviewed by a human within 24h or auto-lifted.
Death of the account holder, pending legal succession.

5.2 Never grounds for freeze

Political speech or criticism of LOVE Coin / competitors.
Country of residence alone (no country blacklist).
Refusing marketing opt-ins.
Being critical of founders, ops, or auditors.

5.3 Appeal procedure

Open a /support-protocol ticket tagged 'USDL Freeze Appeal'.
Two-person quorum reviews (one ops + one independent Founders' Circle member).
Decision within 7 calendar days. Exceeded → automatic unfreeze, unless a court order applies.
Every freeze + decision is included in the public monthly transparency report (aggregate, anonymized).
Final appeal: independent arbitrator in the user's or Slovenian jurisdiction, user's choice.

6. Monthly transparency report

Total USDL/EURL in circulation.
Number of freezes issued, by reason code.
Appeals filed / upheld / overturned; median time to decision.
Any regulator communications received (redacted).

7. Sunset clause

If a jurisdiction we serve requires USDL to become a regulated e-money product, we will NOT silently upgrade. We will announce 90 days in advance, offer a full swap to LOVE Coin on Stellar at the peg rate, and retire the affected fiat credit rather than accept a backdoor.

8. Relationship to LRI

USDL/EURL are NOT part of the LOVE Reserve Index (LRI) basket. LRI is over-collateralised on-chain sovereignty for the LOVE Coin itself. USDL is pricing convenience for closed-loop utility. The two must never be conflated in marketing.

9. Language on public surfaces

Say this

USD-denominated LOVE Power
EUR-denominated LOVE Power
Internal purchasing power
Utility credit inside lovecoin.life

Never say

USDL stablecoin
"1 USDL = 1 USD guaranteed"
Buy USDL to earn yield / APY
USDL is backed by our treasury

10. Change control

Every material change requires a 14-day public comment period on /legal/changelog.
Sign-off from Miha + one Founders' Circle member.
Legal changelog entry with ISO date.

10.5 Authenticity — how to spot fake USDL/EURL

USDL and EURL exist ONLY inside lovecoin.life as internal LOVE Power. We do NOT issue USDL, EURL or any LOVE Fiat credit on Stellar, Solana, Base, Ethereum or any other public chain. If you see such a token on a DEX, CEX or Telegram/X post — it is a scam impersonation. Sooner or later someone will try; this section is how you verify.

✅ Real USDL/EURL

Visible only inside your lovecoin.life account (LOVE Wallet · Regular).
Spent inside the loop: Marketplace, LOFI, PayFi, LOVA, Academy, Games, tips.
No wallet address, no contract, no transferable token. Ever.

🚨 100% scam — do not touch

Any Stellar asset code USDL / USDLove / EURL / EURLove — no matter the issuer address.
Any SPL (Solana), ERC-20 (Ethereum/Base), TRC-20 or BEP-20 called USDL/EURL/LOVE-USD.
Pre-sale, airdrop or 'wrapped USDL' offers. We never do any of those.

Our anti-impersonation layer

Structural, not just legal. Because USDL is closed-loop by design, ANY on-chain USDL is provably not ours. No court case needed to prove intent.
Official domains registry. Only assets and pages served from our published domains list are official. See /legal for the current list.
Stellar stellar.toml. LOVE Coin's issuer identity is anchored via stellar.toml at lovecoin.life. USDL is intentionally NOT listed there — its absence is the proof.
Public monitoring. Sofija (behavioural) and Tauranis (price/oracle) scan Stellar Expert, DEX Screener, DexTools and CoinGecko listings for tokens using our names. Confirmed scams are announced within 24h on /trust and /support-protocol.
Takedown & warning channels. We file impersonation reports to Stellar Development Foundation, Solscan, Etherscan, BaseScan, exchanges and Google Safe Browsing. Community warnings are pinned on X (@lovecoin) and inside LOVA/LOVE Messenger.
Cannot be silently upgraded to on-chain. Sunset clause (§7) blocks us from ever quietly moving USDL on-chain. If regulation forces it, we announce 90 days ahead — anything before that is not ours.

Rule of thumb: if you can send it to a public address, it is NOT USDL. Report suspected fakes via /support-protocol with the asset code and issuer/contract address.

11. FAQ — USDL ≠ stablecoin

Short answers to the questions we get most often. If yours is missing, ping us via /support-protocol.

Is USDL a stablecoin?+

No. A stablecoin is a token on a public chain, redeemable 1:1 against a licensed fiat reserve. USDL is an internal utility credit inside lovecoin.life — no public chain, no reserve claim, no external redemption.

Can I withdraw USDL to my bank?+

No. USDL never leaves the closed loop. You can spend it on Marketplace, PayFi, LOFI, LOVA, Academy, Games, tips and referrals. For on-chain sovereignty use LOVE, LBTC, sLOVE or bLOVE in your DexWallet.

Is USDL backed 1:1 by dollars?+

No, and we never claim it is. USDL is USD-denominated purchasing power — a pricing convenience. Merchants inside the loop accept 1 USDL = $1 of goods and services. Peg is maintained by oracles and manual rebalancing, not by a bank reserve.

Can Tauranis or Sofija freeze my USDL for no reason?+

No. Grounds are public (§5.1), forbidden grounds are public (§5.2), auto-freezes must be human-reviewed within 24h or auto-lift, and every appeal has a 7-day hard deadline with independent arbitration as a final path.

Is USDL an investment or yield product?+

No. USDL does not pay interest, APY, staking rewards or dividends. Marketing it as yield is explicitly forbidden (§9). Investing exposure inside our ecosystem is done through LOVE Coin, LRI and the RWA layer — not through USDL.

What happens if a regulator says USDL must be e-money?+

Sunset clause (§7). We announce 90 days in advance, swap your USDL to LOVE Coin on Stellar at the peg rate, and retire the affected fiat credit. We do not accept regulatory backdoors.

Does USDL fall under MiCA?+

Our position: no. MiCA regulates asset-referenced and e-money tokens issued to the public and redeemable at par. USDL is a closed-loop utility credit, not issued to the public in a redeemable form. If a competent authority disagrees, we trigger the sunset clause instead of arguing.

What is the difference between USDL and LOVE Power?+

None in substance. USDL is USD-denominated LOVE Power, EURL is EUR-denominated LOVE Power. They are naming variants of the same internal accounting unit, differing only in the fiat lens used to display prices.

Do you report USDL balances to tax authorities?+

Only when required by a valid legal request. We do not proactively share user balances. Users remain responsible for their own tax reporting based on their jurisdiction.

What happens to my USDL if lovecoin.life shuts down?+

The sunset clause applies (§7): 90-day notice, swap to LOVE Coin on Stellar at the peg rate, so purchasing power moves onto a public chain you self-custody.

Sister documents

/love-power — Closed-Loop announcement
/usdl-freeze-tracker — Public freeze & appeals tracker
/legal § 10 — Closed-Loop Model, no external withdrawals
/whitepaper § 34.6 — Closed-Loop Fiat Credits (Whitepaper chapter)
/lri-vs-sp-crypto — LRI sovereignty layer (separate from USDL)

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This doctrine is a public commitment, not legal advice. Read alongside /legal and /terms.