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

Pax Dollar (USDP) traded down 0.1% against the U.S. dollar during the 1 day period ending at 11:00 AM ET on December 3rd. Over the last week, Pax Dollar has traded down 0% against the U.S. dollar. Pax Dollar has a total market capitalization of $57.50 million and approximately $8.28 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can currently be bought for about $1.00 or 0.00001083 BTC on exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded 4.2% lower against the dollar and now trades at $0.10 or 0.00000109 BTC.
• Creditcoin (CTC) traded up 0.1% against the dollar and now trades at $0.29 or 0.00000313 BTC.
• Verasity (VRA) traded 1.8% lower against the dollar and now trades at $0.0003 or 0.00000000 BTC.
• Electroneum (ETN) traded 2.7% lower against the dollar and now trades at $0.0015 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded down 1.1% against the dollar and now trades at $0.0350 or 0.00000038 BTC.
• SOLVE (SOLVE) traded up 29.5% against the dollar and now trades at $0.0002 or 0.00000000 BTC.

Pax Dollar Profile

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 57,569,455 tokens. Pax Dollar’s official website is www.paxos.com/usdp. Pax Dollar’s official Twitter account is @paxos and its Facebook page is accessible here. Pax Dollar’s official message board is medium.com/@paxosstandard.

According to CryptoCompare, “Pax Dollar (USDP) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology. Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable. Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.Why Use Paxos Standard:Hold digital assets in USDP to limit exposure to volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently”

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView