Pax Dollar (USDP) Price Tops $1.00

Pax Dollar (USDP) traded 0% lower against the dollar during the one day period ending at 18:00 PM ET on June 21st. One Pax Dollar token can currently be bought for $1.00 or 0.00001561 BTC on major exchanges. Over the last week, Pax Dollar has traded 0% higher against the dollar. Pax Dollar has a market capitalization of $136.35 million and $1.48 million worth of Pax Dollar was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded down 1.7% against the dollar and now trades at $0.17 or 0.00000272 BTC.
• Creditcoin (CTC) traded 4% lower against the dollar and now trades at $0.45 or 0.00000705 BTC.
• Electroneum (ETN) traded 2.5% lower against the dollar and now trades at $0.0023 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 0.2% against the dollar and now trades at $0.97 or 0.00001522 BTC.
• Verasity (VRA) traded down 2.1% against the dollar and now trades at $0.0032 or 0.00000005 BTC.
• The Transfer Token (TTT) traded up 0.2% against the dollar and now trades at $0.0051 or 0.00000008 BTC.
• SOLVE (SOLVE) traded up 1.3% against the dollar and now trades at $0.0125 or 0.00000020 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 136,400,340 tokens. 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. 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 currently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. 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