Pax Dollar Price Hits $1.00 on Exchanges (USDP)

Pax Dollar (USDP) traded 0% lower against the U.S. dollar during the twenty-four hour period ending at 21:00 PM ET on September 11th. During the last seven days, Pax Dollar has traded up 0.1% against the U.S. dollar. One Pax Dollar token can now be purchased for $1.00 or 0.00001733 BTC on cryptocurrency exchanges. Pax Dollar has a market cap of $105.26 million and $6.03 million worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded down 1.8% against the dollar and now trades at $0.13 or 0.00000219 BTC.
• Creditcoin (CTC) traded down 1.7% against the dollar and now trades at $0.42 or 0.00000728 BTC.
• Electroneum (ETN) traded down 2.1% against the dollar and now trades at $0.0017 or 0.00000003 BTC.
• Verasity (VRA) traded down 1.3% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 2.9% against the dollar and now trades at $0.45 or 0.00000773 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• SOLVE (SOLVE) traded up 2.9% against the dollar and now trades at $0.0102 or 0.00000018 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 105,079,505 tokens. 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. The official website for Pax Dollar 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.”

Buying and Selling Pax Dollar

It is usually not currently possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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