> ## Documentation Index
> Fetch the complete documentation index at: https://docs.anchorage.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Redeem (burn)

> Convert a stablecoin back to USD.

Redeeming burns a stablecoin and credits USD. For shared concepts and the common request fields, see [Convert stablecoins](/knowledge-base/platform/developers/stablecoins/convert). This page covers the redeem-specific payload and behavior.

`POST /v2/stablecoins/conversion` requires the `Convert Stablecoins` permission. See [Set up](/knowledge-base/platform/developers/stablecoins/setup).

## Request

Set `sourceAssetType` to the stablecoin you're redeeming and `destinationAssetType` to USD.

```json Example payload theme={null}
{
  "destinationAssetType": "USD_R",
  "destinationWalletId": "940afa950652ed4fdffceb73b2745d02",
  "idempotencyKey": "z763a50d-aa82-4ec7-b5a3-89ad0462d248",
  "sourceAssetType": "USDX_HOODI",
  "sourceWalletId": "82936bb546cf1fc83955b6d9ca76ff16",
  "amount": "10"
}
```

| Field                 | Description                                                       |
| :-------------------- | :---------------------------------------------------------------- |
| `amount`              | Stablecoin amount as a string.                                    |
| `sourceAssetType`     | Stablecoin being redeemed.                                        |
| `sourceWalletId`      | ID of the source stablecoin wallet.                               |
| `destinationWalletId` | ID of the USD wallet being credited.                              |
| `idempotencyKey`      | Unique string ≤128 characters. Use a distinct key per conversion. |

## Response

A successful request returns `authorizationOperationId`. The conversion enters `INITIATED` status pending endorsement approval.

## Monitor status

Query [conversion history](/knowledge-base/platform/developers/stablecoins/operate/track-status), or `GET /v2/transactions` with `types=BURN`.