Pax Dollar Price Tops $1.00 on Top Exchanges (USDP)

Pax Dollar (USDP) traded down 0.1% against the US dollar during the 1-day period ending at 20:00 PM ET on September 12th. One Pax Dollar token can now be purchased for $1.00 or 0.00001720 BTC on popular cryptocurrency exchanges. Over the last seven days, Pax Dollar has traded 0% higher against the US dollar. Pax Dollar has a total market capitalization of $105.17 million and $5.49 million worth of Pax Dollar was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• IOTA (MIOTA) traded 2.4% higher against the dollar and now trades at $0.13 or 0.00000223 BTC.
• Creditcoin (CTC) traded 0.6% higher against the dollar and now trades at $0.42 or 0.00000727 BTC.
• Electroneum (ETN) traded 19.6% higher against the dollar and now trades at $0.0020 or 0.00000004 BTC.
• Verasity (VRA) traded 0.5% higher against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 0.3% against the dollar and now trades at $0.45 or 0.00000770 BTC.
• The Transfer Token (TTT) traded 7.2% lower against the dollar and now trades at $0.0061 or 0.00000010 BTC.
• SOLVE (SOLVE) traded down 0.6% against the dollar and now trades at $0.0101 or 0.00000017 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 105,079,505 tokens. Pax Dollar’s official website is www.paxos.com/usdp. The official message board for Pax Dollar is medium.com/@paxosstandard. 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 presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to trade Pax Dollar should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView