How to Purchase Cardano (ADA) using Gemini Dollar (GUSD)

To buy Cardano using Gemini Dollar, first, find a cryptocurrency exchange that supports the ADA/GUSD trading pair. Create an account, verify your identity, and deposit your GUSD into your exchange wallet. Locate the ADA/GUSD pair on the trading platform and place an order to exchange your Gemini Dollar for Cardano. If the ADA/GUSD pair is unavailable, you can first exchange Gemini Dollar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Cardano. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.