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

Pax Dollar (USDP) traded down 0% against the dollar during the twenty-four hour period ending at 20:00 PM ET on July 16th. Over the last seven days, Pax Dollar has traded down 0.1% against the dollar. One Pax Dollar token can currently be bought for approximately $1.00 or 0.00001529 BTC on major cryptocurrency exchanges. Pax Dollar has a market capitalization of $117.41 million and $1.58 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 0.2% higher against the dollar and now trades at $0.17 or 0.00000263 BTC.
• Creditcoin (CTC) traded down 1.3% against the dollar and now trades at $0.51 or 0.00000783 BTC.
• Electroneum (ETN) traded 2.7% lower against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• Verasity (VRA) traded 5.4% higher against the dollar and now trades at $0.0040 or 0.00000006 BTC.
• Meter Governance (MTRG) traded 0.9% lower against the dollar and now trades at $0.79 or 0.00001208 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• SOLVE (SOLVE) traded up 6.2% against the dollar and now trades at $0.0111 or 0.00000017 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 117,399,806 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.”

Pax Dollar Token Trading

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

USDP/USD price chart by TradingView