Operate - Anchorage Digital

Once a conversion is submitted, follow it to completion and interpret its status with two read endpoints.

How to follow a conversion

GET /v2/stablecoins/history — One record per conversion, with status and pointers to the underlying transactions. operationType indicates the type of operation carried out.
GET /v2/transactions — The underlying ledger entries, filterable by types.

For query parameters, example responses, and pagination, see Track conversion status.

Status values

Status	Meaning
`INITIATED`	Awaiting endorsements.
`EXECUTING`	Approved, pending settlement.
`COMPLETED`	Conversion settled.
`FAILED`	Conversion did not complete.
`UNKNOWN`	Forward-compatibility fallback—handle gracefully rather than treating it as an error.

subStatus is an optional qualifier on status. The only customer-observable value today is REJECTED_BY_CUSTOMER, paired with status: FAILED.

Key terms

Term	Definition
`authorizationOperationId`	Operation ID returned by `/v2/stablecoins/conversion`. Tracks endorsement and approval.
`issueRedeemId`	Unique identifier for the conversion as a whole. Stable across both legs of a bridge.
`operationType`	In `/v2/stablecoins/history`: `MINT`, `BURN`, or `BRIDGE`.
`sourceOperationId` / `destinationOperationId`	Nullable transaction IDs for each leg. Pass to `GET /v2/transactions/{transactionId}` for full ledger details.
`status`	`INITIATED`, `EXECUTING`, `COMPLETED`, `FAILED`, or `UNKNOWN`.
`subStatus`	Optional qualifier on `status`. Currently only `REJECTED_BY_CUSTOMER` (with `status: FAILED`).
`idempotencyKey`	Client-supplied string ≤128 characters on `/v2/stablecoins/conversion`. Use a distinct key per conversion.

Idempotency and retries

Provide an idempotencyKey per conversion so an interrupted call can be retried safely without double-minting or double-burning. For status codes, rate limits, and cursor pagination, see Errors and pagination.

​How to follow a conversion

​Status values

​Key terms

​Idempotency and retries

How to follow a conversion

Status values

Key terms

Idempotency and retries