Pax Dollar Price Hits $1.00 (USDP)

Pax Dollar (USDP) traded down 0.4% against the US dollar during the 1-day period ending at 13:00 PM ET on May 4th. During the last week, Pax Dollar has traded 0% lower against the US dollar. Pax Dollar has a total market cap of $148.50 million and approximately $2.33 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can now be purchased for approximately $1.00 or 0.00001578 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last day:

• IOTA (MIOTA) traded 0.4% higher against the dollar and now trades at $0.23 or 0.00000359 BTC.
• Creditcoin (CTC) traded 6% higher against the dollar and now trades at $0.70 or 0.00001097 BTC.
• Electroneum (ETN) traded down 1.6% against the dollar and now trades at $0.0039 or 0.00000006 BTC.
• Verasity (VRA) traded up 7.3% against the dollar and now trades at $0.0061 or 0.00000010 BTC.
• Meter Governance (MTRG) traded 0.9% higher against the dollar and now trades at $1.43 or 0.00002245 BTC.
• SOLVE (SOLVE) traded 2.1% higher against the dollar and now trades at $0.0195 or 0.00000031 BTC.
• The Transfer Token (TTT) traded 34.6% lower against the dollar and now trades at $0.0046 or 0.00000007 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 148,253,495 tokens. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. Pax Dollar’s official message board is medium.com/@paxosstandard. The official website for Pax Dollar is www.paxos.com/usdp.

According to CryptoCompare, “Pax Dollar (USDP) is a stablecoin pegged to the US dollar, created by Paxos. It provides stability in the volatile cryptocurrency market and serves as a medium of exchange, store of value, and hedging tool. USDP is widely used for transactions, trading, and investment purposes.”

Pax Dollar Token Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to trade Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView