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Coins / P2P Protocol / P2P → USDE
P2P Protocol Ethena USDe

Convert P2P to USDEon Ethereum

1 P2P ≈ 0.39075476 USDE

Swap P2P Protocol (P2P) to Ethena USDe (USDE) on Ethereum at the best cross-chain rate. SwitchFi routes your P2P → USDE exchange across the top DEXs and bridges and settles straight from your wallet — non-custodial, no account, no sign-up.

P2P to USDE market data

Metric P2P USDE · Ethereum
Price $0.3907 $1
Market cap $4.67M $4.34B
24h volume $144,013 $88.79M
24h change -9.01% +0.02%
7d change -12.80% +0.00%
24h high / low $0.4297 / $0.3541 $1.00 / $0.9996
All-time high $0.548 $1.03
Market cap rank #1682 #23

What is the P2P to USDE exchange rate?

At the current market price, 1 P2P ≈ 0.39075476 USDE, and 1 USDE ≈ 2.5591 P2P. The rate moves with the market; the exact amount you receive is quoted from live liquidity in your wallet before you sign.

Ethena USDe carries the larger market value of the two — $4.34B versus $4.67M for P2P Protocol. On the overall leaderboard they sit at #1682 and #23 respectively. Over the past 24 hours P2P is -9.01% while USDE is +0.02%, so the P2P/USDE rate has moved in USDE's favour. Zooming out to a week, P2P has moved -12.80% while USDE has moved +0.00%. Daily turnover runs at $144,013 for P2P and $88.79M for USDE, so routed swaps between the two settle at market rates without moving the price. Measured from record highs, P2P is down 28.7% and USDE is down 3.3%.

P2P to USDE converter & price calculator

Indicative, based on current market prices. Get a live quote in the swap.

P2P / USDE conversion tables

P2P to USDE
0.1 P2P0.03907548 USDE
0.5 P2P0.19537738 USDE
1 P2P0.39075476 USDE
5 P2P1.9538 USDE
10 P2P3.9075 USDE
50 P2P19.5377 USDE
100 P2P39.0755 USDE
500 P2P195.3774 USDE
1000 P2P390.7548 USDE
USDE to P2P
0.1 USDE0.25591499 P2P
0.5 USDE1.2796 P2P
1 USDE2.5591 P2P
5 USDE12.7957 P2P
10 USDE25.5915 P2P
50 USDE127.9575 P2P
100 USDE255.915 P2P
500 USDE1279.57 P2P
1000 USDE2559.15 P2P
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Indicative estimate — the exact amount is confirmed in your wallet at execution.

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About P2P Protocol and Ethena USDe

P2P Protocol (P2P) ranks #1682 by market capitalisation at $4.67M. Compared with its $0.548 all-time peak, it currently trades 28.7% lower. There are currently 11.96M P2P in circulation. Recent performance reads -12.80% over 7 days and -6.20% over the past month for P2P. Daily turnover comes to $144,013.

With a total market value of $4.34B, Ethena USDe (USDE) sits at #23 among all cryptocurrencies. The price sits 3.3% under the record high of $1.03. There are currently 4.34B USDE in circulation. Over the last 7 days USDE is +0.00%, and +0.00% across 30 days. Around $88.79M of USDE changes hands every 24 hours.

How to convert P2P to USDE

  1. 1 Enter the amount of P2P you want to convert — the swap widget on this page is prefilled with the P2P → USDE pair.
  2. 2 Connect a compatible wallet: MetaMask, OKX, Trust Wallet, TokenPocket, TronLink, UniSat, Phantom and others.
  3. 3 Review the quoted route — the estimated and minimum amount of USDE on Ethereum you will receive, plus network, DEX and bridge fees, are all shown before you sign.
  4. 4 Confirm the transaction in your wallet and track the swap on the My transactions page until the funds arrive.

Other options to exchange USDE

Bitcoin Ethena USDe BTC → USDEEthereum Bitcoin Ethereum Ethena USDe ETH → USDEEthereum Ethereum Tether Ethena USDe USDTEthereum → USDEEthereum Tether BNB Ethena USDe BNB → USDEEthereum BNB XRP Ethena USDe XRP → USDEEthereum XRP USDC Ethena USDe USDCEthereum → USDEEthereum USDC Solana Ethena USDe SOL → USDEEthereum Solana TRON Ethena USDe TRX → USDEEthereum TRON Figure Heloc Ethena USDe FIGR_HELOC → USDEEthereum Figure Heloc Hyperliquid Ethena USDe HYPE → USDEEthereum Hyperliquid Zcash Ethena USDe ZEC → USDEEthereum Zcash Dogecoin Ethena USDe DOGE → USDEEthereum Dogecoin

Convert any other cryptocurrency from P2P

P2P Protocol Bitcoin P2P → BTC Bitcoin P2P Protocol Ethereum P2P → ETH Ethereum P2P Protocol Tether P2P → USDTEthereum Tether P2P Protocol BNB P2P → BNB BNB P2P Protocol XRP P2P → XRP XRP P2P Protocol USDC P2P → USDCEthereum USDC P2P Protocol Solana P2P → SOL Solana P2P Protocol TRON P2P → TRX TRON P2P Protocol Figure Heloc P2P → FIGR_HELOC Figure Heloc P2P Protocol Hyperliquid P2P → HYPE Hyperliquid P2P Protocol Zcash P2P → ZEC Zcash P2P Protocol Dogecoin P2P → DOGE Dogecoin

P2P to USDE FAQ

What is the P2P to USDE exchange rate?

At current prices one P2P converts to about 0.39075476 USDE, and one USDE to about 2.5591 P2P. The figure tracks the market in real time — the binding rate is the one quoted at execution.

How to swap, exchange or convert P2P to USDE on SwitchFi?

Type in how much P2P you're converting, connect a wallet, check the quoted P2P→USDE route and confirm in the wallet. The router compares DEX and bridge paths and settles without ever taking custody.

Is the P2P to USDE swap instant?

If both assets live on the same chain the swap confirms within seconds. Cross-chain conversions add a few minutes of bridge confirmation time, with live status tracking throughout.

Are there fees to convert P2P to USDE?

All costs — gas, DEX fees and any bridge fee — are included in the quote before you sign, along with the guaranteed minimum you'll receive. There are no account or custody charges.

Do I need an account to exchange P2P for USDE?

No. SwitchFi is a non-custodial router — connect a compatible wallet and swap. No sign-up, no KYC to use the on-chain swap.

Market data by CoinGecko, cached server-side. Prices are informational — the exact swap rate is quoted at execution time.