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

Pax Dollar (USDP) traded 0% lower against the dollar during the 24 hour period ending at 22:00 PM Eastern on November 2nd. Pax Dollar has a market cap of $110.07 million and $573,121.08 worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can now be bought for about $1.00 or 0.00001467 BTC on popular cryptocurrency exchanges. During the last week, Pax Dollar has traded 0% higher against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• IOTA (MIOTA) traded 3.5% lower against the dollar and now trades at $0.11 or 0.00000158 BTC.
• Creditcoin (CTC) traded down 2% against the dollar and now trades at $0.37 or 0.00000545 BTC.
• Electroneum (ETN) traded down 3.1% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded 3.9% lower against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 1.6% against the dollar and now trades at $0.25 or 0.00000360 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded down 10.7% against the dollar and now trades at $0.0069 or 0.00000010 BTC.

About Pax Dollar

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 110,099,031 tokens. The official message board for Pax Dollar is medium.com/@paxosstandard. 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.

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 purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView