Deposit stablecoin and convert to USD. Transfer USD to your bank.
Redemption allows you to convert Paxos-issued stablecoins into USD and send the funds to your bank account.
Follow the steps below to complete this process using the Convert option in the Dashboard.
Use the Approvals functionality to require additional team members to review any new fiat accounts before they are saved. This avoids potential mistakes around incorrect information and adds an extra layer of security. Only approved fiat accounts can be used in the redemption process.