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

Pax Dollar (USDP) traded down 0.1% against the U.S. dollar during the 24-hour period ending at 16:00 PM Eastern on June 18th. In the last week, Pax Dollar has traded down 0.1% against the U.S. dollar. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001553 BTC on major exchanges. Pax Dollar has a total market capitalization of $136.37 million and approximately $1.76 million worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded down 8.4% against the dollar and now trades at $0.16 or 0.00000253 BTC.
• Creditcoin (CTC) traded down 4.2% against the dollar and now trades at $0.45 or 0.00000691 BTC.
• Electroneum (ETN) traded down 3% against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 7% lower against the dollar and now trades at $0.99 or 0.00001541 BTC.
• Verasity (VRA) traded down 9.7% against the dollar and now trades at $0.0031 or 0.00000005 BTC.
• The Transfer Token (TTT) traded 24.3% lower against the dollar and now trades at $0.0051 or 0.00000008 BTC.
• SOLVE (SOLVE) traded down 11.8% against the dollar and now trades at $0.0123 or 0.00000019 BTC.

Pax Dollar Token Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. Its genesis date was 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.”

Buying and Selling Pax Dollar

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

USDP/USD price chart by TradingView