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For developers on a fixed rate for USDT trading, when the market rate dips below their fixed rate their USD trades pause until the market rate returns to be above their fixed rate. To provide developers with the autonomy to manage these stuck trades, we’ve added new endpoints to
  1. View which transfer and liquidation address trades are stuck
  2. View the estimated market rate these trades would execute at
  3. Execute at market rate to complete the transaction.
  4. Set a threshold that triggers market execution if the market rate drops below the fixed rate.
With these endpoints, developers can take action directly or build workflows empowering their end users to do the same.

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Get Stuck Trades

  • Transfer: /transfers/pending
  • Liquidation Address: /liquidation_addresses/drains/pending
  • Response:
"exchange_details": {
"fixed_rate": "0.999", // Fixed rate based on the developer bps fee.
"estimated_market_rate": "0.99796",
"updated_at": "2026-02-05T06:11:35Z"}

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Post Execute Trades

  • Transfer: /transfers/{transfer_id}/execute
  • Liquidation Address: /liquidation_address/{liquidation_address_id}/drains/{drain_id}/execute
  • Response: 
    "exchange_details": {
"fixed_rate": "0.999",
"traded_market_rate": "0.99796"}
  • When executing a trade, it will take 1 minute to complete. During this period the response of the Transfer/Liqudiation Address Drain will include  “trade_at_market”: true

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Get Responses For Each State

  1. State: funds_received 
    "exchange_details": {
"fixed_rate": "0.999",
"estimated_market_rate": "0.99796",
"updated_at": "2026-02-05T06:11:35Z"}
  2. State: funds_received - After Post Execute Trade 
    "exchange_details": {
"fixed_rate": "0.999",
"estimated_market_rate": "0.99796",
"trade_at_market": true} // indicates trade has been submitted and is pending
  3. State: payment_submitted 
    "exchange_details": {
"fixed_rate": "0.999",
"traded_market_rate": "0.99796"}
  4. State: payment_processed 
    "exchange_details": {
"fixed_rate": "0.999",
"traded_market_rate": "0.99796"}

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Market Rate Threshold Endpoint

This threshold is the range developers can set to automatically execute trades at market rate should the market rate dip below their fixed rate.
Ex. if developers fixed rate is 10 bps (0.999), developer can set their threshold to 15 bps (0.9985):
  • Anything between 0.9985-0.999 will automatically execute at market rate (instead of being stuck and require manual execution).
  • If market rate dips beyond 15bps, trades will get stuck (and they’lll be available to execute at market).

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Enable Threshold

  • /developer/trade_configurations 
     {"source_currency": "usdt",
  "destination_currency": "usd",
    "market_rate_configuration": {                                                                                                                                                                                       
      "market_rate_threshold": "0.9982",                                                                                                                                                                                   
      "enabled": true}}
  • Response: 
     {"source_currency": "usdt",
  "destination_currency": "usd",
  "fixed_rate": "0.999",
  "market_rate_configuration": {
  "market_rate_threshold": "0.9982", 
  "enabled": true, 
  "updated_at": "2026-02-11T03:30:00Z"}}

​
Get Threshold

  • /developer/trade_configurations/usdt
  • Response: 
     {"data": [
  {"source_currency": "usdt",
  "destination_currency": "usd", 
  "fixed_rate": "0.999",
  "market_rate_configuration": {
  "market_rate_threshold": "0.9982", 
  "enabled": true, 
  "updated_at": "2026-02-11T03:30:00Z"}}

​
Update/Disable Threshold

  • /developer/trade_configurations 
     {"source_currency": "usdt",
  "destination_currency": "usd",
    "market_rate_configuration": {                                                                                                                                                                                       
      "market_rate_threshold": "0.9982",                                                                                                                                                                                   
      "enabled": false}}
  • Response: 
     {"source_currency": "usdt",
  "destination_currency": "usd",
  "fixed_rate": "0.999",
  "market_rate_configuration": {
  "market_rate_threshold": "0.9982", 
  "enabled": false, 
  "updated_at": "2026-02-11T03:30:00Z"}}

​
Notifications

While developers can monitor webhooks from 
  • /transfers/pending 
  • /liquidation_addresses/drains/pending
should a developer want to be notified in their Bridge Slack channel, this can be enabled by requesting from their Account Manager.

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Dashboard

When a developer has USDT trades that are stuck, we present them with task “Paused USDT transactions” on their Home view:
Screenshot 2026 02 19 At 3 43 58 PM
When clicking through the Start CTA of the task, developers are presented with actions to -
  1. View/set depeg market rate threshold (in Settings),
  2. View/trade specific stuck trades at the market rate,
  3. Trade all stuck trades at the market rate.
Screenshot 2026 02 19 At 3 48 23 PM