Mint Overview

Overview

The BitGo Mint API converts assets through orders. The source and destination assets you specify determine whether the order mints or burns tokens. All mint and burn orders are subject to your enterprise policies.

The two order operations are:

• Mint - Issues new tokens against a funding asset (for example, tfiatusd → hteth:usd1).
• Burn (also known as redeem) - Removes tokens from circulation and returns the funding asset (for example, hteth:usd1 → tfiatusd).

All mint and burn activity preserves a 1:1 relationship between the circulating tokens and their underlying reserve assets. Tokens can be either stablecoins or other tokenized assets (such as ERC-20 tokens). Reserve assets can be fiat currencies, cryptocurrencies, or tokenized real-world assets.

Prerequisites

• Get Started
  • Access token must have either the wallet_spend or wallet_spend_all scopes.
  • User role must have spend permissions.
• Add a wallet user
• Deposit Asset

Steps

1. Accept Minting Services Terms
2. Mint Tokens
3. Burn Tokens

See Also

• BitGo Wallet Types
• Policy Overview
• Stablecoin Overview