Pax Dollar Price Hits $1.00 on Exchanges (USDP)

Pax Dollar (USDP) traded 0% lower against the US dollar during the one day period ending at 19:00 PM Eastern on October 9th. One Pax Dollar token can now be purchased for about $1.00 or 0.00001648 BTC on exchanges. Pax Dollar has a total market capitalization of $107.73 million and approximately $1.28 million worth of Pax Dollar was traded on exchanges in the last day. In the last week, Pax Dollar has traded down 0.1% against the US dollar.

Here’s how related cryptocurrencies have performed in the last day:

• IOTA (MIOTA) traded 2.9% lower against the dollar and now trades at $0.12 or 0.00000193 BTC.
• Creditcoin (CTC) traded down 3.4% against the dollar and now trades at $0.39 or 0.00000649 BTC.
• Electroneum (ETN) traded 3.8% lower against the dollar and now trades at $0.0023 or 0.00000004 BTC.
• Verasity (VRA) traded down 3.5% against the dollar and now trades at $0.0029 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 0.1% against the dollar and now trades at $0.44 or 0.00000720 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 2.2% lower against the dollar and now trades at $0.0084 or 0.00000014 BTC.

Pax Dollar Token Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 107,748,793 tokens. 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. The official message board for Pax Dollar 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.”

Pax Dollar Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView