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

Pax Dollar (USDP) traded up 0% against the US dollar during the 24-hour period ending at 16:00 PM Eastern on July 11th. Pax Dollar has a market cap of $119.40 million and approximately $499,773.72 worth of Pax Dollar was traded on exchanges in the last day. In the last seven days, Pax Dollar has traded down 0.2% against the US dollar. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001740 BTC on major exchanges.

Here is how related cryptocurrencies have performed in the last day:

• IOTA (MIOTA) traded 0.4% higher against the dollar and now trades at $0.15 or 0.00000269 BTC.
• Creditcoin (CTC) traded up 9.3% against the dollar and now trades at $0.51 or 0.00000890 BTC.
• Electroneum (ETN) traded 0.1% lower against the dollar and now trades at $0.0023 or 0.00000004 BTC.
• Verasity (VRA) traded 2.4% higher against the dollar and now trades at $0.0033 or 0.00000006 BTC.
• Meter Governance (MTRG) traded down 1.3% against the dollar and now trades at $0.77 or 0.00001344 BTC.
• The Transfer Token (TTT) traded 0.4% lower against the dollar and now trades at $0.0065 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 4% higher against the dollar and now trades at $0.0104 or 0.00000018 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 119,399,806 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.”

Buying and Selling Pax Dollar

It is usually not presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView