Stablecoin to Fiat (Offramp)

Brale makes it easy for you and your customers to convert stablecoins into USD via wire transfer or ACH.

In order to submit a stablecoin-to-fiat transaction, first you need to:

Create an Account respresenting your customer
Create a Financial Institution which is your customer's bank account where Brale will deposit USD
Deposit stablecoins to a Brale custodial address (address with type internal)

Link a Financial Institution to your customer's Account

You can add financial institutions in two ways:

Financial Institutions API
Plaid (coming soon)

Here is an example of directly adding a financial institution.

POST https://api.brale.xyz/accounts/account_id/financial-institutions/external

{
    "owner": "Jane Doe",
    "account_number": "1234567890",
    "routing_number": "987654321",
    "name": "Example Bank",
    "beneficiary_address": {
      "street_line_1": "100 Example St",
      "street_line_2": "Suite 500",
      "city": "Springfield",
      "state": "CA",
      "zip": "90001"
    },
    "bank_address": {
      "street_line_1": "100 Example St",
      "street_line_2": "Suite 500",
      "city": "Springfield",
      "state": "CA",
      "zip": "90001"
    },
    "account_type": "checking"
  }
}

Sample Response

{
    "id": "2O0bbQgbSL52PktkiTgv3yq3hiB",
    "name": "Example Bank",
    "status": "active",
    "created": "2023-04-05T13:15:17.273102Z",
    "routingNumber": "987654321"
}

Stablecoin to USD via Wire

Once your customer has a Financial Institution and stablecoins are held in a Brale controlled address, you can submit a Transfer request with the destination of the financial institution.

POST https://api.brale.xyz/accounts/account_id/transfers

{
  "amount": {
    "value": "100",
    "currency": "USD"
  },
  "source": {
    "address_id": "2VcUIonJeVQzFoBuC7LdFT0dRe4", 
    "value_type": "YSBC", 
    "transfer_type": "Solana"
  }, 
  "destination": {
    "financial_institution_id": "2AbCdEfGHiJkLmN0pQrStUvWxYz", 
    "value_type": "USD", 
    "transfer_type": "wire",
    "memo": "BRL*Transaction"
  }
}

Brale will burn the stablecoins from the Source Address immediately, and then transfer USD to the destination bank account.