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

Pax Dollar (USDP) traded up 0.1% against the US dollar during the 1 day period ending at 16:00 PM ET on October 21st. In the last seven days, Pax Dollar has traded 0% lower against the US dollar. Pax Dollar has a market capitalization of $109.14 million and approximately $961,056.02 worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can now be purchased for $1.00 or 0.00001477 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• IOTA (MIOTA) traded 1.1% lower against the dollar and now trades at $0.12 or 0.00000180 BTC.
• Creditcoin (CTC) traded 2.2% lower against the dollar and now trades at $0.41 or 0.00000604 BTC.
• Electroneum (ETN) traded up 1.2% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded down 1.7% against the dollar and now trades at $0.0030 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 7.3% lower against the dollar and now trades at $0.36 or 0.00000529 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 down 0.8% against the dollar and now trades at $0.0088 or 0.00000013 BTC.

Pax Dollar Token Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 109,061,210 tokens. 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. 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 currently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to trade Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView