Pax Dollar (USDP) Price Reaches $1.00 on Exchanges

Pax Dollar (USDP) traded 0% lower against the dollar during the twenty-four hour period ending at 8:00 AM E.T. on October 27th. One Pax Dollar token can currently be bought for $1.00 or 0.00001489 BTC on popular cryptocurrency exchanges. Pax Dollar has a total market capitalization of $109.23 million and $577,756.22 worth of Pax Dollar was traded on exchanges in the last day. During the last seven days, Pax Dollar has traded down 0.1% against the dollar.

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

• IOTA (MIOTA) traded 1.3% higher against the dollar and now trades at $0.11 or 0.00000164 BTC.
• Creditcoin (CTC) traded 0.3% lower against the dollar and now trades at $0.37 or 0.00000550 BTC.
• Electroneum (ETN) traded 6.5% higher against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded 1.2% lower against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 14.1% lower against the dollar and now trades at $0.25 or 0.00000368 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 6% lower against the dollar and now trades at $0.0075 or 0.00000011 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 109,319,462 tokens. 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. Pax Dollar’s official message board is medium.com/@paxosstandard.

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 purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView