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

Pax Dollar (USDP) traded 0% lower against the dollar during the 1-day period ending at 7:00 AM E.T. on November 10th. Pax Dollar has a total market cap of $110.05 million and $1.24 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can now be bought for about $1.00 or 0.00001260 BTC on cryptocurrency exchanges. In the last seven days, Pax Dollar has traded down 0% against the dollar.

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

• IOTA (MIOTA) traded up 7.3% against the dollar and now trades at $0.13 or 0.00000166 BTC.
• Creditcoin (CTC) traded up 6.5% against the dollar and now trades at $0.43 or 0.00000542 BTC.
• Electroneum (ETN) traded up 1.5% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded up 8.2% against the dollar and now trades at $0.0034 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 4.5% against the dollar and now trades at $0.50 or 0.00000633 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 5.7% against the dollar and now trades at $0.0071 or 0.00000009 BTC.

Pax Dollar Token Profile

Pax Dollar (USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 110,099,031 tokens. 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. Pax Dollar’s official website 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 buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView