Converting your ADA to stablecoin on a Cardano DEX
To convert your ADA to a stablecoin using a decentralized exchange (DEX) built on the Cardano blockchain, you will need to follow these basic steps:
There are a few DEXs that have been built on the Cardano blockchain, we have provided a list here. You will need to find one that supports trading of stablecoins.
Connect your wallet: You will need to connect your wallet to the DEX in order to access your ADA funds. You can use any of the wallets on our wallet list to connect to the DEX.
Click on the Connect wallet button if your wallet is not connected. Once connected, look for the swap button. On clicking the swap button you will be presented with a screen where you can select the trading pairs. you will need to find the stablecoin trading pair on the DEX. This will typically be ADA/Stablecoin (e.g. ADA/iUSD).
Enter the amount of ADA you want to change to Stablecoin and review the order. When you hit submit and the order is processed the Stablecoin will be sent to your wallet.
Please note that these are basic steps for converting ADA to a stablecoin using a DEX built on Cardano.
Last updated