Pax Dollar (USDP) Price Reaches $1.00 on Exchanges

Pax Dollar (USDP) traded 0% higher against the U.S. dollar during the 24 hour period ending at 20:00 PM ET on July 30th. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001512 BTC on major cryptocurrency exchanges. Over the last week, Pax Dollar has traded up 0.1% against the U.S. dollar. Pax Dollar has a market capitalization of $114.51 million and approximately $4.03 million worth of Pax Dollar was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• IOTA (MIOTA) traded 3.2% lower against the dollar and now trades at $0.16 or 0.00000235 BTC.
• Creditcoin (CTC) traded 2% lower against the dollar and now trades at $0.48 or 0.00000733 BTC.
• Electroneum (ETN) traded down 3.2% against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Verasity (VRA) traded 1.9% lower against the dollar and now trades at $0.0034 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 2.6% higher against the dollar and now trades at $0.67 or 0.00001013 BTC.
• The Transfer Token (TTT) traded up 0% against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• SOLVE (SOLVE) traded up 39.4% against the dollar and now trades at $0.0154 or 0.00000023 BTC.

Pax Dollar Profile

Pax Dollar (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 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.”

Buying and Selling Pax Dollar

It is usually not presently 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, Changelly or Coinbase. 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