Originate a USDC payment via Circle's Payments API and handle blockchain confirmation and settlement

domain: banking-general · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Create a Circle API key and configure a business account; complete Circle's KYB process before initiating live payments
  2. To send USDC on-chain, call POST /v1/transfers with source (your Circle wallet ID), destination (external blockchain address or Circle wallet), amount, and currency=USD
  3. Specify the blockchain chain (e.g., ETH, SOL, MATIC, AVAX) in the destination object; choose based on your recipient's preferred chain and fee/speed tradeoffs — Circle supports multiple chains
  4. Poll GET /v1/transfers/{id} or listen to Circle webhooks (transfers.type=transfer) for status transitions: pending -> confirmed -> complete; 'confirmed' means the transaction has enough block confirmations per Circle's chain-specific threshold
  5. For incoming USDC, create a blockchain deposit address via POST /v1/wallets/{id}/addresses with currency=USD and the target chain; monitor the webhook event type=wire.deposit or transfers.inbound for receipts
  6. To convert USDC to fiat, use Circle's wire-out flow (POST /v1/payouts) with bankAccount destination details; the USDC is burned and a corresponding wire is originated to the beneficiary bank account

Known gotchas

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