Pax Dollar Price Reaches $1.00 on Exchanges (USDP)

Pax Dollar (USDP) traded down 0% against the U.S. dollar during the 1-day period ending at 10:00 AM Eastern on July 28th. Pax Dollar has a total market capitalization of $114.40 million and $555,088.79 worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can now be purchased for approximately $1.00 or 0.00001475 BTC on exchanges. During the last seven days, Pax Dollar has traded up 0% against the U.S. dollar.

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

• IOTA (MIOTA) traded 2.6% lower against the dollar and now trades at $0.16 or 0.00000242 BTC.
• Creditcoin (CTC) traded 2.2% lower against the dollar and now trades at $0.50 or 0.00000739 BTC.
• Electroneum (ETN) traded down 0% against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• Verasity (VRA) traded down 4.7% against the dollar and now trades at $0.0035 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 1.1% lower against the dollar and now trades at $0.68 or 0.00001003 BTC.
• The Transfer Token (TTT) traded down 16.5% against the dollar and now trades at $0.0050 or 0.00000007 BTC.
• SOLVE (SOLVE) traded down 0.2% against the dollar and now trades at $0.0108 or 0.00000016 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 114,399,806 tokens. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. The official website for Pax Dollar 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.”

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 trade Pax Dollar should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX 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