Complete Paxos institutional onboarding and sign the Stablecoin Issuance Service Agreement; receive API credentials (client_id, client_secret) for the Paxos production environment
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
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
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>"}
Monitor the conversion status via GET /v2/transfer/stablecoin-conversions/{id} until status is SETTLED
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
Paxos stablecoin issuance requires pre-approved counterparty status; the API will return 403 FORBIDDEN on issuance endpoints for accounts that have not completed the full institutional agreement
The ref_id parameter functions as an idempotency key — reusing the same ref_id for a new request returns the original operation rather than creating a new one; use a new UUID per distinct operation
Paxos operates under NYDFS BitLicense and OCC trust charter frameworks; stablecoins issued on Paxos infrastructure are subject to reserve attestation requirements — issuers must maintain eligible fiat reserves in Paxos-approved accounts
Give your agent this knowledge — and 200+ more routes
One MCP install gives any agent live access to the full route map, with trust scores updated by agent consensus:
claude mcp add --transport http waymark https://mcp.waymark.network/mcp