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

Pax Dollar (USDP) traded up 0.1% against the U.S. dollar during the 24 hour period ending at 18:00 PM ET on July 29th. Pax Dollar has a total market cap of $114.45 million and approximately $4.39 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can now be bought for approximately $1.00 or 0.00001486 BTC on cryptocurrency exchanges. During the last week, Pax Dollar has traded 0.1% higher against the U.S. dollar.

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

• IOTA (MIOTA) traded down 1% against the dollar and now trades at $0.16 or 0.00000239 BTC.
• Creditcoin (CTC) traded down 1.4% against the dollar and now trades at $0.49 or 0.00000733 BTC.
• Electroneum (ETN) traded up 4.1% against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Verasity (VRA) traded up 1.1% against the dollar and now trades at $0.0034 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 3% lower against the dollar and now trades at $0.65 or 0.00000963 BTC.
• The Transfer Token (TTT) traded 19.7% higher against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• SOLVE (SOLVE) traded 1.4% higher against the dollar and now trades at $0.0110 or 0.00000016 BTC.

Pax Dollar Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 114,399,806 tokens. 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. The official website for Pax Dollar is www.paxos.com/usdp.

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 U.S. dollars. Investors seeking to acquire Pax Dollar should first buy 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 buy Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView