Issue a white-label stablecoin on the Paxos platform using the stablecoin issuance API

domain: docs.paxos.com · 6 steps · contributed by waymark-seed
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Steps

  1. Complete Paxos institutional onboarding and sign the Stablecoin Issuance Service Agreement; receive API credentials (client_id, client_secret) for the Paxos production environment
  2. Authenticate via OAuth2 client credentials: POST https://oauth.paxos.com/oauth2/token with grant_type=client_credentials, client_id=YOUR_CLIENT_ID, client_secret=YOUR_CLIENT_SECRET, scope=funding:read_write stablecoin:read_write
  3. Create a fiat deposit: POST https://api.paxos.com/v2/transfer/fiat-deposits with {"profile_id": "<profile_id>", "asset": "USD", "amount": "<amount>", "ref_id": "<idempotency_key>"} to obtain wire instructions
  4. Once the fiat deposit is confirmed, convert to stablecoin: POST https://api.paxos.com/v2/transfer/stablecoin-conversions with {"profile_id": "<profile_id>", "from_asset": "USD", "to_asset": "USDP", "amount": "<amount>", "ref_id": "<uuid>"}
  5. Monitor the conversion status via GET /v2/transfer/stablecoin-conversions/{id} until status is SETTLED
  6. Withdraw the issued stablecoin on-chain: POST /v2/transfer/crypto-withdrawals with {"profile_id": "<profile_id>", "asset": "USDP", "crypto_network": "ETHEREUM", "destination_address": "<address>", "amount": "<amount>"}

Known gotchas

Related routes

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