BitGo Mint

BitGo Mint

BitGo Mint is a single destination for minting and redeeming stablecoins and digital assets directly within the BitGo platform. Minting and redeeming stablecoins or other digital assets is the process of issuing new tokens into circulation and removing them from circulation, with each tied 1:1 to an underlying reserve.

Click “Mint” in the left navigation bar to get started.

Please note: the first time you access BitGo Mint, you will be prompted to accept the Minting Services Terms. Once you accept, you will have full access to BitGo Mint.

Assets available to mint or redeem

BitGo Mint supports minting and redemption for a range of assets from stablecoins to other digital assets. Stablecoins that are supported by BitGo’s Stablecoin-as-a-Service product suite can be enabled to be available for all BitGo Bank & Trust, N.A. clients. The following assets are currently available:

• USD1

• SoFiUSD (SOFID)

BitGo Mint FAQs

Who is eligible to mint or redeem assets?

All BitGo Bank & Trust clients will have access to BitGo Mint. Clients will be prompted to accept an additional Minting Services Term, and then will have full access to all available assets within BitGo Mint.

Are there fees to mint or redeem?

Mint and redemption fees will be asset dependent. All fees will be clearly listed within the BitGo Mint screens.

Are there limits to how much I can mint or redeem?

Minimum mint and redeem is $100 per transaction. Maximum is $100M per transaction.

Is BitGo Mint available via API?

Yes. You can find the documentation here: https://developers.bitgo.com/docs/stablecoins-overview.  

How long does a mint or redemption normally take?

Mints normally take approximately 20-30 min. Redemptions take approximately 1-1.5 hrs.

What assets do I have access to mint and redeem?

Any assets that you qualify to mint or redeem will be shown in the “Mint” tab. 

Can I create policies to put controls on mints and redemptions?

Yes. You can create policies based on withdrawals from your Go Account, whitelisting, and bank accounts, which will govern what approvals and actions are required for mints and redemptions.