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

Pax Dollar (USDP) traded 0% lower against the U.S. dollar during the 1-day period ending at 8:00 AM E.T. on September 18th. During the last seven days, Pax Dollar has traded 0% lower against the U.S. dollar. Pax Dollar has a total market capitalization of $105.20 million and $5.33 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can currently be bought for about $1.00 or 0.00001671 BTC on exchanges.

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

• IOTA (MIOTA) traded 0.7% lower against the dollar and now trades at $0.12 or 0.00000202 BTC.
• Creditcoin (CTC) traded 0.8% lower against the dollar and now trades at $0.41 or 0.00000679 BTC.
• Electroneum (ETN) traded 13% lower against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded 0.5% lower against the dollar and now trades at $0.0031 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 0.7% higher against the dollar and now trades at $0.45 or 0.00000750 BTC.
• The Transfer Token (TTT) traded 7.2% lower against the dollar and now trades at $0.0061 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 1% lower against the dollar and now trades at $0.0099 or 0.00000016 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 105,079,505 tokens. Pax Dollar’s official website is www.paxos.com/usdp. Pax Dollar’s official message board is medium.com/@paxosstandard. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here.

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 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 Coinbase, GDAX or Changelly. 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