Burn Issuer Stablecoins

Overview

Issuer burns let you permanently remove your stablecoin from circulation without redeeming fiat or paying standard burn fees. Burning requires a token deposit before BitGo settles the on-chain burn.

Prerequisites

• Get Started
• Accept Issuer Minting Terms
• To enable issuer burn capabilities, contact your BitGo Customer Success Manager (CSM).

Cookbook

Need just the steps? Expand the cookbook for the burn flow:

1. Create Burn Order

Create an issuer-direct burn order.

Endpoint: Create Issuer Stablecoin Order

export ENTERPRISE_ID="<YOUR_ENTERPRISE_ID>"
export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"
export ASSET_ID="<YOUR_ASSET_ID>"
export WALLET_ID="<DESTINATION_WALLET_ID>"

curl -X POST \
  https://app.bitgo-test.com/api/stablecoin/v1/enterprise/$ENTERPRISE_ID/issuer/orders \
  -H 'Content-Type: application/json' \
  -H "Authorization: Bearer $ACCESS_TOKEN" \
  -d '{
    "type": "burn",
    "asset": "'"$ASSET_ID"'",
    "amount": "100000000000000000000",
    "destinationType": "go_account",
    "destinationWalletId": "'"$WALLET_ID"'"
  }'

Step Result

The response returns the created order, including the id you use as the sequenceId in the next step.

{
  "id": "95bdbd9c-9cdc-41a4-ae70-165387b7aa51",
  "type": "burn",
  "status": "created",
  "orderMethod": "issuer_direct",
  "asset": "eth:usd1",
  "fromAsset": "eth:usd1",
  "fromAmount": "100000000000000000000",
  "toAsset": "eth:usd1",
  "toAmount": "100000000000000000000",
  "destinationWalletId": "8iMXoeSpS1d1ziEJ",
  "destinationAddress": "d526909b2398a6d579c817dc07fc9d72",
  "enterpriseId": "67bc4ae090e8af8f9b412d3d67e85252",
  "transactions": [],
  "createdAt": "2025-04-04T09:25:48.216Z",
  "updatedAt": "2025-04-04T09:25:48.216Z"
}

2. Deposit Tokens to BitGo

Transfer the stablecoin to BitGo to fund the burn. Use the order id as the sequenceId so BitGo can match the deposit to this order.

Endpoint: Send Transaction

export BITGO_EXPRESS_HOST="<YOUR_LOCAL_HOST>"
export COIN="<ASSET_ID>"
export WALLET_ID="<YOUR_WALLET_ID>"
export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"
export TREASURY_ADDRESS="<TREASURY_WALLET_ADDRESS>"
export AMOUNT="<BURN_AMOUNT_IN_BASE_UNITS>"
export WALLET_PASSPHRASE="<YOUR_WALLET_PASSPHRASE>"
export SEQUENCE_ID="<ORDER_ID>"

curl -X POST \
  http://$BITGO_EXPRESS_HOST/api/v2/$COIN/wallet/$WALLET_ID/sendcoins \
  -H 'Content-Type: application/json' \
  -H "Authorization: Bearer $ACCESS_TOKEN" \
  -d '{
    "address": "'"$TREASURY_ADDRESS"'",
    "amount": "'"$AMOUNT"'",
    "walletPassphrase": "'"$WALLET_PASSPHRASE"'",
    "sequenceId": "'"$SEQUENCE_ID"'"
  }'

const wallet = await bitgo.coin('ofcteth:usd1').wallets().get({ id: walletId });
await wallet.sendMany({
  recipients: [{ address: treasuryWalletAddress, amount: burnAmount }],
  sequenceId: order.id,
  walletPassphrase,
});

Step Result

{
  "coin": "ofcteth:usd1",
  "transfers": [
    {
      "id": "6437d9f07d6a87000613e6c06e4218d3",
      "coin": "ofcteth:usd1",
      "wallet": "8iMXoeSpS1d1ziEJ",
      "value": -100000000000000000000,
      "baseValue": -100000000000000000000,
      "state": "unconfirmed",
      "type": "send"
    }
  ]
}

3. Check Burn Orders

Fetch burn orders across all assets your enterprise issues.

Endpoint: List Issuer Stablecoin Orders

export ENTERPRISE_ID="<YOUR_ENTERPRISE_ID>"
export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"

curl -X GET \
  https://app.bitgo-test.com/api/stablecoin/v1/enterprise/$ENTERPRISE_ID/issuer/orders \
  -H 'Content-Type: application/json' \
  -H "Authorization: Bearer $ACCESS_TOKEN"

Step Result

{
  "orders": [
    {
      "asset": "eth:usd1",
      "destinationWalletId": "8iMXoeSpS1d1ziEJ",
      "destinationAddress": "d526909b2398a6d579c817dc07fc9d72",
      "userId": "test-user",
      "clientDepositTxHash": "string",
      "transactions": [
        {
          "type": "clientDeposit",
          "txHash": "512f64d10b5f358f6dbf3303f90013cfa46006b02a03282456d6bd6432cc5daf",
          "asset": "eth:usd1",
          "amount": "500",
          "status": "confirmed",
          "createdAt": "2025-04-04T09:26:21.600Z",
          "updatedAt": "2025-04-04T09:26:21.600Z"
        }
      ],
      "memo": "Payment for invoice #1234",
      "createdAt": "2025-04-04T09:25:48.216Z",
      "updatedAt": "2025-04-04T09:55:09.136Z",
      "fromAssetId": "08c1271e-b15d-4af8-8929-f75383903da4",
      "toAssetId": "49ff49ea-3355-4717-bbb0-5e8f5cae2202",
      "fromAsset": "eth:usd1",
      "fromAmount": "500",
      "toAsset": "eth:usd1",
      "toAmount": "5000000",
      "orderMethod": "issuer_direct",
      "id": "95bdbd9c-9cdc-41a4-ae70-165387b7aa51",
      "type": "burn",
      "status": "fulfilled",
      "enterpriseId": "67bc4ae090e8af8f9b412d3d67e85252"
    }
  ]
}

4. Get an Orders Summary (Optional)

Retrieve aggregated burn amounts and counts, broken out by asset.

Endpoint: Issuer Orders Summary

export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"

curl -X GET \
  https://app.bitgo-test.com/api/stablecoin/v1/issuer/orders-summary \
  -H 'Content-Type: application/json' \
  -H "Authorization: Bearer $ACCESS_TOKEN"

Step Result

{
  "byAsset": {
    "key": {
      "chain": "hteth",
      "decimals": 18,
      "burn": {
        "amount": "110002428000000000000000000",
        "count": 12,
        "byStatus": {
          "created": {
            "amount": "45000000000000000000000000",
            "count": 5
          }
        }
      }
    }
  },
  "timeSeries": [
    {
      "period": "2024-01-01T00:00:00.000Z",
      "mintAmount": "1000000000000000000000",
      "mintCount": 5,
      "burnAmount": "500000000000000000000",
      "burnCount": 3
    }
  ]
}

See Also

• API Reference: Create Issuer Stablecoin Order
• API Reference: Send Transaction
• API Reference: List Issuer Stablecoin Orders
• API Reference: Issuer Orders Summary