Pax Dollar (USDP) Price Hits $1.00 on Major Exchanges

Pax Dollar (USDP) traded down 0.1% against the dollar during the 24 hour period ending at 10:00 AM E.T. on August 1st. During the last seven days, Pax Dollar has traded 0.1% higher against the dollar. Pax Dollar has a total market capitalization of $114.45 million and approximately $6.08 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can now be purchased for about $1.00 or 0.00001548 BTC on popular exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• IOTA (MIOTA) traded 5.1% lower against the dollar and now trades at $0.15 or 0.00000231 BTC.
• Creditcoin (CTC) traded 3.6% lower against the dollar and now trades at $0.47 or 0.00000735 BTC.
• Electroneum (ETN) traded up 5% against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• Verasity (VRA) traded 7.7% lower against the dollar and now trades at $0.0031 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 3.8% lower against the dollar and now trades at $0.65 or 0.00001006 BTC.
• The Transfer Token (TTT) traded up 0.4% against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• SOLVE (SOLVE) traded 20.3% lower against the dollar and now trades at $0.0113 or 0.00000017 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 114,399,806 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. Pax Dollar’s official website 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.”

Buying and Selling Pax Dollar

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

USDP/USD price chart by TradingView