> ## Documentation Index
> Fetch the complete documentation index at: https://paxos-0ac97319-jg-test-1.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Redeem

> Deposit stablecoin and convert to USD in one API call. Transfer USD to your bank.

![Redeem Workflow](https://mintlify.s3.us-west-1.amazonaws.com/paxos-0ac97319-jg-test-1/images/redeem.png)

To redeem a [Paxos-issued stablecoin](/guides/developer/blockchains#stablecoins), use [Create Deposit Address](/api-reference/endpoints/deposit-addresses/create-deposit-address) to add the appropriate address on the Paxos platform. Next, initiate a stablecoin transfer from your external address (**A** in the diagram).
If you set `conversion_target_asset` to `USD` when creating the address, Paxos automatically credits your USD balance once the on-chain transfer is confirmed (**B**).
Then, use [Create Fiat Withdrawal](/api-reference/endpoints/fiat-transfers/create-fiat-withdrawal) to send USD to your bank account (**C**).

<Tip>
  * To redeem stablecoins you already hold on the Paxos platform, you can use [Create Stablecoin Conversion](/api-reference/endpoints/stablecoin-conversion/create-stablecoin-conversion) to easily convert to USD. See the [conversion guide](/guides/developer/convert) for details.
  * To send USD to your bank account, you'll need to first save your external banking information on the Paxos platform. See the [fiat withdrawal guide](/guides/developer/fiat-transfers/quickstart#withdrawal) for details.
</Tip>

## ➊ Authenticate

Include the following scopes when [authenticating](/guides/developer/authenticate):

```shell
funding:read_profile transfer:read_deposit_address transfer:read_transfer transfer:write_deposit_address

```

> If you don't see all the scopes when [creating or editing API credentials](/guides/developer/credentials), contact [Support](https://support.paxos.com).

## ➋ Create Deposit Address

Use [Create Deposit Address](/api-reference/endpoints/deposit-addresses/create-deposit-address) to add a wallet address to the designated Profile.
Include the appropriate `crypto_network` for the source stablecoin.
Set `conversion_target_asset` to `USD` to automatically convert the stablecoin to USD when the transaction is complete.

### USDG on Ethereum

```shell
curl --location 'https://api.sandbox.paxos.com/v2/transfer/deposit-addresses' \
--header 'Content-Type: application/json' \
--header 'Accept: application/json' \
--header 'Authorization: Bearer {access_token} \
--data '{
    "profile_id": "0d3172c5-8840-4bae-bdd4-30688f0268fc",
    "crypto_network": "ETHEREUM",
    "ref_id": "r_usdg_8f91a9c5-0a6e-46dc-ad68-17bc8fb4eafb",
    "conversion_target_asset": "USD"
}'
```

### PYUSD on Solana

```shell
curl --location 'https://api.sandbox.paxos.com/v2/transfer/deposit-addresses' \
--header 'Content-Type: application/json' \
--header 'Accept: application/json' \
--header 'Authorization: Bearer {access_token}' \
--data '{
    "profile_id": "0d3172c5-8840-4bae-bdd4-30688f0268fc",
    "crypto_network": "SOLANA",
    "ref_id": "r_pyusd_8f91a9c5-0a6e-46dc-ad68-17bc8fb4eafb",
    "conversion_target_asset": "USD"
}'
```

Capture the `address` and `compatible_crypto_networks` values from the response.
Also store the `id` to use when looking up transactions.

### USDG on Ethereum

```json highlight={2,8,11}
{
    "id": "078eb145-1bbc-4e1d-999d-92845dc31df4",
    "profile_id": "0d3172c5-8840-4bae-bdd4-30688f0268fc",
    "customer_id": "8cbc1177-d982-4750-a435-3c7f36245452",
    "crypto_network": "ETHEREUM",
    "identity_id": "00000000-0000-0000-0000-000000000000",
    "ref_id": "r_usdg_8f91a9c5-0a6e-46dc-ad68-17bc8fb4eafb",
    "address": "0xdCB1481afaabf9dAc1B2A8218067252D533Ae1a7",
    "account_id": "00000000-0000-0000-0000-000000000000",
    "conversion_target_asset": "USD",
    "compatible_crypto_networks": [
        "ETHEREUM",
        "POLYGON_POS",
        "ARBITRUM_ONE"
    ]
}
```

### PYUSD on Solana

```json highlight={2,8,11}
{
    "id": "8488990c-2cc0-441f-a26c-24d01c40a402",
    "profile_id": "0d3172c5-8840-4bae-bdd4-30688f0268fc",
    "customer_id": "8cbc1177-d982-4750-a435-3c7f36245452",
    "crypto_network": "SOLANA",
    "identity_id": "00000000-0000-0000-0000-000000000000",
    "ref_id": "r_pyusd_8f91a9c5-0a6e-46dc-ad68-17bc8fb4eafb",
    "address": "AufgJhf3DW83MUKgCKyrMyNjdCzhcy4LrcXcQsCDQRb2",
    "account_id": "00000000-0000-0000-0000-000000000000",
    "conversion_target_asset": "USD",
    "compatible_crypto_networks": [
        "SOLANA"
    ]
}
```

## ➌ Transfer Stablecoin to the Paxos Platform

Initiate an on-chain transfer from your external wallet to the `address` included in the response from the [previous step](#add-deposit-address) or from [List Deposit Addresses](/api-reference/endpoints/deposit-addresses/list-deposit-addresses).

Use [List Transfers](/api-reference/endpoints/transfers/list-transfers) to check the status of transfer on the Paxos platform.
Using the `type=CRYPTO_DEPOSIT` and `status=COMPLETED` query parameters, in conjunction with `crypto_tx_hashes`, filters the results.

### USDG on Ethereum

```shell
curl --location 'https://api.sandbox.paxos.com/v2/transfer/transfers?crypto_tx_hashes=0x768ac1e892985165885140c80f08ee0197ff6e175f9a9ed4b7f1b09c3b49baca' \
--header 'Accept: application/json' \
--header 'Authorization: Bearer {access_token}'
```

### PYUSD on Solana

```shell
curl --location 'https://api.sandbox.paxos.com/v2/transfer/transfers?crypto_tx_hashes=3LnaTGt2hmLGFwRkZyh7bGPj8UyYFjJauTS2c4PZ6YQfqwBqTmN8Z6j3LhFrqgTRX7ZcyJrF2NrrJxztAX3n3uL9' \
--header 'Accept: application/json' \
--header 'Authorization: Bearer {access_token}'
```

Depending on the network, it may take some time for the transaction to update on the Paxos platform.
Once the status is `COMPLETED`, the USD balance updates.

### USDG on Ethereum

```json
{
    "items": [
        {
            "id": "d72363d9-52bb-4acd-ba35-b5b1e212ac26",
            "customer_id": "8cbc1177-d982-4750-a435-3c7f36245452",
            "profile_id": "0d3172c5-8840-4bae-bdd4-30688f0268fc",
            "amount": "100",
            "total": "100",
            "fee": "0",
            "asset": "USDG",
            "balance_asset": "USD",
            "direction": "CREDIT",
            "type": "CRYPTO_DEPOSIT",
            "status": "COMPLETED",
            ...
            "destination_address": "0xdCB1481afaabf9dAc1B2A8218067252D533Ae1a7",
            "crypto_network": "ETHEREUM",
            "crypto_tx_hash": "0x768ac1e892985165885140c80f08ee0197ff6e175f9a9ed4b7f1b09c3b49baca",
            "crypto_tx_index": "132",
            "auto_conversion": {}
        }
    ],
    "next_page_cursor": "CAESDAjJq_a3BhCI9LaXAhjwhN8N"
}
```

### PYUSD on Solana

```json
{
    "items": [
        {
            "id": "54235f7e-585c-4c08-b170-15bb10f74c1e",
            "customer_id": "8cbc1177-d982-4750-a435-3c7f36245452",
            "profile_id": "0d3172c5-8840-4bae-bdd4-30688f0268fc",
            "amount": "100",
            "total": "100",
            "fee": "0",
            "asset": "PYUSD",
            "balance_asset": "USD",
            "direction": "CREDIT",
            "type": "CRYPTO_DEPOSIT",
            "status": "COMPLETED",
            ...
            "destination_address": "AufgJhf3DW83MUKgCKyrMyNjdCzhcy4LrcXcQsCDQRb2",
            "crypto_network": "SOLANA",
            "crypto_tx_hash": "3LnaTGt2hmLGFwRkZyh7bGPj8UyYFjJauTS2c4PZ6YQfqwBqTmN8Z6j3LhFrqgTRX7ZcyJrF2NrrJxztAX3n3uL9",
            "crypto_tx_index": "4",
            "auto_conversion": {}
        }
    ],
    "next_page_cursor": "CAESDAi7n_a3BhCIkuKsAxisgt8N"
}
```

## ➍ Transfer USD to Bank Account

Use [Create Fiat Withdrawal](/api-reference/endpoints/fiat-transfers/create-fiat-withdrawal) to send USD to your bank account.
You'll need to first save your external banking information on the Paxos platform.
See the [fiat withdrawal guide](/guides/developer/fiat-transfers/quickstart#withdrawal) for details.