Pax Dollar Price Hits $1.00 on Exchanges (USDP)

Pax Dollar (USDP) traded 0% higher against the US dollar during the 24 hour period ending at 13:00 PM Eastern on July 16th. During the last week, Pax Dollar has traded down 0% against the US dollar. One Pax Dollar token can now be bought for approximately $1.00 or 0.00001555 BTC on cryptocurrency exchanges. Pax Dollar has a total market cap of $117.44 million and $1.75 million worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded up 3.3% against the dollar and now trades at $0.17 or 0.00000268 BTC.
• Creditcoin (CTC) traded down 1.1% against the dollar and now trades at $0.51 or 0.00000796 BTC.
• Electroneum (ETN) traded down 1.1% against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• Verasity (VRA) traded 6.2% higher against the dollar and now trades at $0.0040 or 0.00000006 BTC.
• Meter Governance (MTRG) traded 3% higher against the dollar and now trades at $0.78 or 0.00001217 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• SOLVE (SOLVE) traded 7.1% higher against the dollar and now trades at $0.0110 or 0.00000017 BTC.

About Pax Dollar

Pax Dollar uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 117,399,806 tokens. The official message board for Pax Dollar 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 US dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, 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