Pax Dollar Price Hits $1.00 on Exchanges (USDP)

Pax Dollar (USDP) traded 0% higher against the US dollar during the 1-day period ending at 12:00 PM ET on October 25th. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001479 BTC on exchanges. Pax Dollar has a total market cap of $109.29 million and approximately $1.55 million worth of Pax Dollar was traded on exchanges in the last 24 hours. In the last week, Pax Dollar has traded 0.1% lower against the US dollar.

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

• IOTA (MIOTA) traded down 1.1% against the dollar and now trades at $0.11 or 0.00000170 BTC.
• Creditcoin (CTC) traded down 2.3% against the dollar and now trades at $0.39 or 0.00000572 BTC.
• Electroneum (ETN) traded 4.8% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded 2.2% higher against the dollar and now trades at $0.0028 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 6.8% against the dollar and now trades at $0.29 or 0.00000422 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded down 7.4% against the dollar and now trades at $0.0081 or 0.00000012 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 109,319,462 tokens. The official message board for Pax Dollar 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 presently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView