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

Pax Dollar (USDP) traded 0% higher against the US dollar during the 1 day period ending at 18:00 PM E.T. on September 7th. Pax Dollar has a total market capitalization of $103.19 million and approximately $5.83 million worth of Pax Dollar was traded on exchanges in the last day. Over the last seven days, Pax Dollar has traded down 0% against the US dollar. One Pax Dollar token can now be purchased for $1.00 or 0.00001855 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded 1.5% higher against the dollar and now trades at $0.12 or 0.00000219 BTC.
• Creditcoin (CTC) traded up 1.7% against the dollar and now trades at $0.37 or 0.00000692 BTC.
• Electroneum (ETN) traded 4.9% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.
• Verasity (VRA) traded up 0.5% against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• Meter Governance (MTRG) traded 0.1% lower against the dollar and now trades at $0.41 or 0.00000752 BTC.
• SOLVE (SOLVE) traded up 5% against the dollar and now trades at $0.0107 or 0.00000020 BTC.

Pax Dollar Profile

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 103,062,988 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. 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.”

Pax Dollar Token Trading

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

USDP/USD price chart by TradingView