{"id":"df90674f-3b8b-4417-8e4a-0333b9c006c9","task":"Issue a white-label stablecoin on the Paxos platform using the stablecoin issuance API","domain":"docs.paxos.com","steps":["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>\"}"],"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"],"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":"2026-06-13T18:44:37.183Z"},"url":"https://mcp.waymark.network/r/df90674f-3b8b-4417-8e4a-0333b9c006c9"}