How Much is 1 USDP in ADA?

A1 USDP is worth 2.32494 ADA

APax Dollar has been weakening against the Cardano over the last 365 days. Today the USDP / ADA exchange rate is 8.2% lower than it was 365 days ago.

AEach crypto exchange has a slightly different focus and fee structure. Some exchanges are focused on simplicity and ease of use, however they may offer a slightly more expensive rate. Others are professional exchanges that can handle advanced order types and have smaller spreads meaning they can offer more competitive rates. Some exchanges will charge no exchange fee, but will effectively build a fee into a higher exchange rate.

AYou can earn up to 6% APY on Pax Dollar at Ledn, or go to our Pax Dollar savings table to compare more rates.

ANo, Pax Dollar worth less than Cardano. 1 Pax Dollar is worth 0.99 USD. 1 Cardano is worth 0.38 USD.

APax Dollar (USDP) is a stablecoin that is pegged to the value of the US dollar on a 1:1 basis. It was launched by Paxos Trust Company in 2018 and is regulated by the New York State Department of Financial Services (NYDFS). USDP is backed by US dollars held in reserve, which are regularly audited by third-party accounting firms to ensure that the reserves match the outstanding USDP tokens in circulation. One of the unique features of USDP is its focus on transparency and regulatory compliance. Paxos Trust Company is a regulated financial institution and is subject to regular audits and oversight by regulatory authorities. This provides investors and users with greater confidence in the stability and security of the USDP token. USDP can be used for a wide range of applications, including payments, remittances, and international money transfers. It can also be used as a trading pair on cryptocurrency exchanges and as a means of payment for goods and services. USDP is particularly popular among users who wish to trade cryptocurrencies without having to deal with the volatility of other digital assets. Overall, USDP is a stable and secure digital asset that is designed to provide a reliable means of payment and store of value. Its focus on transparency, regulatory compliance, and stability sets it apart from many other stablecoins in the market, and it has gained significant adoption among investors and traders in the cryptocurrency space. As of April 2023, the price of USDP is approximately 1 USD, as it is intended to maintain a stable value relative to the US dollar.

AYou can earn up to 6% APY on Cardano at Ledn, or go to our Cardano savings table to compare more rates.

ANo, 1 ADA worth less than 1 USDP. 1 ADA is worth 0.38 USD. 1 USDP is worth 0.99 USD.

AADA is the native coin for the Cardano blockchain ecosystem and it is one of the oldest and biggest cryptocurrencies in the market. Cardano was founded by Charles Hoskinson, a co-founder of Ethereum. Cardano is a proven blockchain network with a long and well-established history. The only downside of Cardano is its real-life use case. Cardano foundation has announced that they are working on the integration of smart contracts on Cardano's blockchain.