1. Promotion Overview

The Free USDC Onramp Promotion (the “Promotion”) is offered by Sphere (“we,” “us,” or “our”). During the Promotion period, eligible users may convert USD into USDC (a USDC onramp) without paying the standard onramp fees, subject to the terms below.

By participating in this Promotion, you agree that your use of the Services remains governed by the Sphere Terms of Service, available at:

*https://spherepay.co/terms

2. Promotion Period

The Promotion begins on January 6, 2026 and ends at 11:59 PM UTC on February 6, 2026 (the “Promotion Period”).

3. Eligibility

This Promotion is available only to users who:

• Have an active Sphere account in good standing; and
• Complete a qualifying USDC onramp transaction during the Promotion Period.

This Promotion is void where prohibited by law.

Eligibility is subject to successful completion of all applicable identity verification, compliance, and risk reviews, including KYC/KYB, AML, and sanctions screening, as determined by Sphere.

4. Maximum Fee-Free Volume

During the Promotion Period, you may receive fee-free USDC onramps up to a total volume of $1,000,000 USD (or equivalent) per account (“Maximum Fee-Free Volume”). Once your account’s USDC onramp transaction volume exceeds this limit, standard onramp fees will apply to subsequent transactions.

Standard fees are described in Sphere’s fee disclosures and may be displayed in the app or API at the time of transaction.

If a transaction causes your cumulative volume to exceed the Maximum Fee-Free Volume, Sphere may apply standard fees to the portion exceeding the limit. Reversed, failed, or refunded transactions do not count toward fee-free volume.

5. How Fee-Free Onramps Work

• The Promotion applies only to fees charged by Sphere for onramp transactions during the Promotion Period.
• Other costs outside Sphere’s control — including bank transfer fees, intermediary fees, network fees, taxes, or other charges — are not covered by this Promotion.
• USDC received is subject to the terms of USDC and any applicable third-party terms (e.g., token network rules) Circle.

6. Modifications and Termination

We reserve the right to modify, suspend, or terminate the Promotion at any time and for any reason, with or without notice. Any material changes that affect your participation will be communicated via in-app banner, email, or other reasonable means.

Sphere may disqualify transactions or users from the Promotion if it determines, in its reasonable discretion, that the Promotion is being abused, manipulated, or used in violation of applicable law or Sphere policies.

7. General Terms

Your participation in the Promotion is subject to all applicable Sphere policies and the Sphere Terms of Service. To the extent of any conflict between these Promotion terms and the Sphere Terms of Service, the Sphere Terms of Service will control. SpherePay