Authorised participants

Authorised participants are the institutions you allow to mint and redeem your stablecoin directly. You onboard them, record their settlement accounts, and set their limits in the participant registry.

Updated 08 Nov 20261 min read

Open Redemption and select Participants.

#Onboarding a participant

  1. Select Add participant.
  2. Enter the institution's name and an identifier, for example AP-02 · Northwind.
  3. Add the Bitcoin address that receives minted tokens and sends tokens for redemption. It must be on the asset's whitelist.
  4. Add the bank account used for the fiat leg.
  5. Set the participant's mint and redemption limits.

Participants are screened like any other counterparty. A participant whose address is frozen cannot mint or redeem.

#Limits

Each participant has its own limits per cycle, in addition to the vault and role limits. A request over a participant's limit cannot be created.

Was this page helpful?