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

Pax Dollar (USDP) traded up 0.1% against the US dollar during the 24 hour period ending at 20:00 PM E.T. on April 16th. Pax Dollar has a total market cap of $140.03 million and approximately $18.58 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can now be bought for about $1.00 or 0.00001573 BTC on cryptocurrency exchanges. During the last week, Pax Dollar has traded up 0.2% against the US dollar.

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

• IOTA (MIOTA) traded up 0.1% against the dollar and now trades at $0.22 or 0.00000348 BTC.
• Creditcoin (CTC) traded 3.6% lower against the dollar and now trades at $0.68 or 0.00001074 BTC.
• Electroneum (ETN) traded 7.9% lower against the dollar and now trades at $0.0051 or 0.00000008 BTC.
• Verasity (VRA) traded down 2.7% against the dollar and now trades at $0.0055 or 0.00000009 BTC.
• Meter Governance (MTRG) traded up 0.1% against the dollar and now trades at $1.43 or 0.00002247 BTC.
• The Transfer Token (TTT) traded up 0.4% against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded down 0.1% against the dollar and now trades at $0.0202 or 0.00000032 BTC.

Pax Dollar Token Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 139,745,787 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. The official website for Pax Dollar is www.paxos.com/usdp. 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.”

Buying and Selling Pax Dollar

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 Coinbase, Gemini or GDAX. 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