Live USDP / USDC Exchange Rate and Ratio
The live USDP to USDC exchange rate on THORChain's native liquidity pools — updated continuously from on-chain pool depth. Convert, compare, or swap at this rate.
Pool depth behind the rate
The cross-pair rate is (base-pool RUNE depth ÷ base-pool asset depth) × (quote-pool asset depth ÷ quote-pool RUNE depth). Source: THORChain API
Exchange rate questions
What is the current USDP to USDC exchange rate on THORChain?
1 USDP currently equals about 1.001942 USDC on THORChain's native liquidity pools. The inverse is 1 USDC = 0.998062 USDP. The rate is derived from pool depth (RUNE-denominated) and updates continuously as swaps happen.
How is the USDP / USDC rate calculated?
THORChain uses constant-product AMM pools where every asset is paired with RUNE. The cross-pair rate is (base-pool RUNE depth / base-pool asset depth) × (quote-pool asset depth / quote-pool RUNE depth). No oracle — the rate is whatever the on-chain pools clear at.
Why does this rate differ from Binance or Coinbase?
Centralized exchanges set prices via order books across many markets. THORChain is a standalone AMM — its rate reflects only its own liquidity. Small deviations are normal; large gaps usually mean liquidity is thin on one side of the pair and arbitrageurs haven't closed the gap yet.