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

Pax Dollar (USDP) traded 0% higher against the U.S. dollar during the 24-hour period ending at 14:00 PM Eastern on June 17th. One Pax Dollar token can currently be purchased for approximately $1.00 or 0.00001497 BTC on major cryptocurrency exchanges. During the last week, Pax Dollar has traded down 0.1% against the U.S. dollar. Pax Dollar has a total market capitalization of $136.35 million and approximately $892,409.35 worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded 5.7% lower against the dollar and now trades at $0.18 or 0.00000269 BTC.
• Creditcoin (CTC) traded down 10.6% against the dollar and now trades at $0.47 or 0.00000702 BTC.
• Electroneum (ETN) traded 5.1% higher against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Verasity (VRA) traded down 3.2% against the dollar and now trades at $0.0035 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 2.9% against the dollar and now trades at $1.06 or 0.00001592 BTC.
• SOLVE (SOLVE) traded 5.6% lower against the dollar and now trades at $0.0145 or 0.00000022 BTC.
• The Transfer Token (TTT) traded 24.3% lower against the dollar and now trades at $0.0051 or 0.00000008 BTC.

Pax Dollar Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 136,400,340 tokens. Pax Dollar’s official website is www.paxos.com/usdp. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. The official message board for Pax Dollar 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 possible to purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first purchase 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 purchase Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView