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This guide walks you through the standard automated minting flow (USD > Stablecoin), where funds are sent via bank transfer and converted into stablecoins on supported blockchain networks. The steps are the same for USDG, PYUSD and USDP.
Watch a demo: See the full minting flow from start to finish before getting started.

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What You’ll Do

  1. Add a destination wallet address (This is where you’ll receive the stablecoin).
  2. Create minting instructions, which define:
  • How you’ll send USD to Paxos (SWIFT or ABA, DBS-ACT, CUBIX).
  • Which stablecoin you want (USDG, PYUSD, USDP).
  • Where the stablecoin should go (wallet + network).
  1. Send USD to the Paxos platform using the generated deposit details.
Paxos will automatically mint the stablecoin and send it to your wallet. Mint Workflow

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Before you begin

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Requirements

  • A verified Paxos account.
  • A role (ex:Treasurer) with permissions to Add or Delete crypto addresses, and Create Conversion Rules.

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Supported Stablecoins and Networks

AssetSupported Network
USDGEthereum, Solana
PYUSDEthereum, Solana
USDPEthereum

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➊ Add Destination Wallet Address​

You must add a wallet address before minting. This is where your stablecoins will be sent. Minting Add Address
  1. Navigate to Addresses in the Paxos dashboard.
  2. Click ⊕︎ Address.
  3. Enter a name for the address and select the blockchain network.
  4. Retrieve the external wallet address and paste it in the Network Address field.
  5. Fill in the beneficiary details requirements.
  6. Click Save
Use the Approvals functionality to require additional team members to review any new addresses and instructions before they are saved. This avoids potential mistakes around incorrect information and adds an extra layer of security. Only approved addresses can be used in any mint process. Similarly minting instructions aren’t active until approved.

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➋ Create Minting Instructions​

Once your wallet address is added, configure the minting rules for USD > Stablecoin.
Minting instructions are reusable and immutable. Access Saved Instructions to reuse them anytime you want to mint the same asset.
  1. Go to Dashboard > Convert.
  2. Select USD as the asset you have.
    Minting Asset You Have
  3. Select External Account/Wallet and then the fiat network you use to send USD to Paxos. If you choose DBS-ACT, it may need to be activated first. Contact Support for details.
    Minting Select Source
Use the Paxos Profile option if you want to hold your stablecoin in your current account.
  1. Select a stablecoin (for this guide we’re minting USDG).
  2. For the destination, select External Account/Wallet and then choose one of the available networks and one of the existing Addresses.
  3. Name the instructions.
    Minting Name Instructions
  4. Click Generate Deposit Instructions to review the minting instructions. You can also download them for reference when sending USD to Paxos.
Test the minting instructions with a small amount before minting large volumes.

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➌ Send USD to Paxos

Use the Deposit instructions to send wire funds to Paxos.
Minting Account Identifier
Once the funds are received, Paxos automatically executes the minting instructions and sends the requested stablecoin to the specified wallet.

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➍ Review Transaction Status​

Track your minting progress from the Transactions >Asset Movements section. You’ll see two entries:
  • Fiat Deposit: It usually takes a minute or two for the system to show the associated
  • Crypto Withdraw: The actual crypto withdraw may take anywhere from seconds to hours, depending on the blockchain, mint amount and off-business-hour transactions.
Transactions have the following status:
  • Pending: The transaction is executing, which may include a manual review. If a transaction is pending for an extended duration, contact Support.
  • Failed: If a transaction shows the failed status, contact Support.
  • Complete: The transaction is successful.
Crypto Network Fees: Crypto network fees are calculated at the time of withdraw and deducted from the total deposit amount. Use the View action to see a fee breakdown and other transaction details. Minting Transactions

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Alternate Minting Flows​

Paxos supports manual minting flows with a number of different options. Following are a few options:
Can’t find the right minting options? The desired option may not be supported by the Entity or by the Paxos platform. Reach out to your Entity Manager or contact us for help.