Pax Dollar Price Reaches $1.00 on Exchanges (USDP)

Pax Dollar (USDP) traded 0% lower against the U.S. dollar during the one day period ending at 20:00 PM E.T. on August 26th. One Pax Dollar token can now be purchased for $1.00 or 0.00001590 BTC on popular cryptocurrency exchanges. Over the last week, Pax Dollar has traded up 0% against the U.S. dollar. Pax Dollar has a total market capitalization of $106.68 million and $3.36 million worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded down 4.7% against the dollar and now trades at $0.14 or 0.00000218 BTC.
• Creditcoin (CTC) traded 2.4% higher against the dollar and now trades at $0.46 or 0.00000736 BTC.
• Electroneum (ETN) traded 3.2% lower against the dollar and now trades at $0.0017 or 0.00000003 BTC.
• Verasity (VRA) traded down 4.2% against the dollar and now trades at $0.0029 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 0.1% lower against the dollar and now trades at $0.55 or 0.00000881 BTC.
• The Transfer Token (TTT) traded up 0.3% against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded up 5.7% against the dollar and now trades at $0.0132 or 0.00000021 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 106,634,506 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. The official website for Pax Dollar is www.paxos.com/usdp. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here.

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 possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. 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