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

Pax Dollar (USDP) traded 0% higher against the US dollar during the 1 day period ending at 7:00 AM Eastern on February 6th. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001015 BTC on major cryptocurrency exchanges. During the last week, Pax Dollar has traded 0.1% higher against the US dollar. Pax Dollar has a market capitalization of $81.41 million and approximately $3.14 million worth of Pax Dollar was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• IOTA (MIOTA) traded down 5.3% against the dollar and now trades at $0.22 or 0.00000223 BTC.
• Creditcoin (CTC) traded 3.5% lower against the dollar and now trades at $0.89 or 0.00000900 BTC.
• Electroneum (ETN) traded down 1.5% against the dollar and now trades at $0.0024 or 0.00000002 BTC.
• Verasity (VRA) traded down 4.1% against the dollar and now trades at $0.0024 or 0.00000002 BTC.
• The Transfer Token (TTT) traded 0.5% lower against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 9.9% against the dollar and now trades at $0.12 or 0.00000124 BTC.
• SOLVE (SOLVE) traded 3.8% higher against the dollar and now trades at $0.0020 or 0.00000002 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 81,348,478 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. Pax Dollar’s official website 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 presently 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 exchanges listed above.

USDP/USD price chart by TradingView