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FSCO API Docs

Stablecoin Service

The FSCO Stablecoin Service enables financial institutions to create, deploy, and manage fully compliant stablecoins backed by fiat currency. It provides a comprehensive attestation workflow to ensure that all token operations are verifiably backed by real-world assets, maintaining trust and regulatory compliance.

Overview

In the evolving landscape of digital finance, financial institutions need regulated and transparent mechanisms to issue digital currencies backed by traditional assets. The FSCO Stablecoin Service provides a complete solution for creating and managing stablecoins with built-in regulatory compliance and auditing capabilities.

Key Features

Compliant Stablecoin Issuance

Deploy stablecoins backed by various fiat currencies with customizable parameters and full regulatory compliance.

Attestation Workflow

Create, verify, and execute attestations for minting and burning tokens with complete evidence trails.

Role-based Governance

Implement segregation of duties with granular role management for attestation submission, verification, minting, and burning.

Document Management

Upload and manage supporting documents as evidence for auditable attestations.

Comprehensive Reporting

Track mint/burn history, circulating supply, and other key metrics for financial reporting.

Multi-chain Support

Deploy stablecoins on various blockchain networks to meet institutional requirements.

Advantages

  • Regulatory Compliance - Built-in attestation workflow ensures transparent, auditable 1:1 backing with fiat reserves
  • Governance Controls - Robust role-based permissions for institutional-grade security and segregation of duties
  • Auditability - Complete audit trails with transaction history and supporting documentation for regulatory review
  • Operational Efficiency - API-driven operations simplify token management and reduce operational overhead
  • Institutional Integration - Designed to work with existing banking systems and compliance frameworks

Common Use Cases

Institutional Stablecoin Issuance

For Banks & Financial Institutions

Issue your own branded, fully compliant stablecoins backed by your banking infrastructure. Provide customers with digital versions of fiat currencies that work seamlessly with blockchain applications while maintaining regulatory compliance.

Integration Points

  • POST /stablecoin/deploy - Create regulated, branded stablecoins
  • POST /stablecoin/{id}/role - Establish governance structures with segregated duties
  • GET /stablecoin/{id} - Monitor supply metrics and operational statistics

Compliant Treasury Operations

For Corporate Treasury Departments

Tokenize fiat reserves with full attestation support for more efficient treasury operations. Maintain regulatory compliance with complete audit trails while improving liquidity management and operational efficiency.

Integration Points

  • POST /stablecoin/{id}/attestation - Create mint/burn requests with supporting evidence
  • POST /stablecoin/{id}/attestation/{attestationId}/verify - Implement approval workflows
  • GET /stablecoin/{id}/mint-burn-history - Generate comprehensive treasury reports

Payment Network Infrastructure

For Payment Service Providers

Build next-generation payment networks that combine the stability of fiat currencies with the efficiency of blockchain technology. Enable faster settlement while maintaining full regulatory compliance and transparency.

Integration Points

  • POST /stablecoin/{id}/attestation/documents - Maintain documentary evidence of funds
  • POST /stablecoin/{id}/attestation/{attestationId}/use - Execute mint/burn operations
  • GET /stablecoin/list - Track multiple stablecoin instruments across the platform

Getting Started

To start using the FSCO Stablecoin Service:

  1. Review the API Reference to understand available endpoints
  2. Follow the Stablecoin Management guide
  3. Create and configure wallets for different roles (admin, submitter, verifier, minter, etc.)
  4. Deploy your stablecoin with your desired parameters
Stablecoin Management Guide Learn how to create stablecoins, manage attestations, and control token operations
Stablecoin API Reference Complete API reference for the Stablecoin Service

API Specifications

For detailed API specifications, see the OpenAPI schema.

Service Architecture

The Stablecoin Service follows a modular architecture with the following components:

  • Token Factory - Manages the creation and deployment of stablecoin contracts
  • Attestation Manager - Handles the attestation workflow from creation to verification
  • Document Store - Securely stores and manages supporting documentation
  • Role Manager - Controls access and permissions for different operations
  • Transaction Processor - Executes minting and burning operations with attestations

Best Practices

  • Implement a clear segregation of duties for attestation submission, verification, and token operations
  • Maintain thorough documentation for each attestation to ensure regulatory compliance
  • Regularly reconcile stablecoin supply with backing fiat reserves
  • Use descriptive transaction references to simplify auditing and reconciliation
  • Monitor attestation status changes to provide timely approvals and processing

Security Considerations

  • All API endpoints require proper authentication
  • Role-based access control prevents unauthorized token operations
  • Attestation workflow ensures tokens are only minted with verified backing
  • Complete audit trails maintained for regulatory compliance
  • Multi-signature capabilities for critical operations
  • Document storage for supporting evidence of fiat backing