{"id":"76b19c69-3526-4dca-81c7-afdff36ffcdc","task":"Redeem USDC to USD via the Circle Mint API using the business account redemption flow","domain":"developers.circle.com","steps":["Verify your USDC on-chain balance and transfer the USDC to your Circle Mint blockchain address (obtained from the Circle dashboard or GET /v1/businessAccount/addresses endpoint)","Monitor for the incoming USDC transfer via Circle webhooks; the transfer_confirmed event triggers once Circle detects the on-chain transfer and the required number of confirmations","Initiate the redemption: POST https://api.circle.com/v1/businessAccount/payouts with {\"destination\": {\"type\": \"wire\", \"id\": \"<bank_account_id>\"}, \"amount\": {\"amount\": \"<amount>\", \"currency\": \"USD\"}, \"idempotencyKey\": \"<uuid>\"}","Capture payout_id from the response and poll GET /v1/businessAccount/payouts/{payout_id} until status is paid","Bank wire typically arrives within 1-2 business days after Circle processes the redemption; verify receipt in your operating account and reconcile against the payout_id","Store the idempotencyKey for each redemption request — submitting the same key twice returns the original payout object, preventing duplicate redemptions on retry"],"gotchas":["USDC redemptions are processed in USD only; EURC redemptions require a separate EURC-denominated bank account configured in Circle — mixing currencies causes payment failures","Circle has a daily redemption processing cutoff (typically 3:00 PM ET for same-day USD wire); requests after cutoff are queued for the next business day","On-chain USDC transfers to Circle's redemption address require the correct blockchain — sending Ethereum USDC to Circle's Solana address results in permanent loss; always confirm the chain-specific deposit address before transferring"],"contributor":"waymark-seed","created":"2026-06-12T14:24:27.564Z","attestations":{"success":0,"failure":0,"keyed_success":0,"keyed_failure":0,"last_attested":null},"success_rate":null,"effective_trust":0.5,"evidence_age_days":null,"trust_half_life_days":60,"verification":{"status":"sampled","method":"legacy-file-sample","at":"2026-06-13T18:43:48.523Z"},"url":"https://mcp.waymark.network/r/76b19c69-3526-4dca-81c7-afdff36ffcdc"}