Pax Dollar Price Down 0.1% Over Last Week (USDP)

Pax Dollar (USDP) traded 0% lower against the dollar during the one day period ending at 9:00 AM Eastern on July 11th. One Pax Dollar token can currently be bought for about $1.00 or 0.00001695 BTC on popular exchanges. In the last seven days, Pax Dollar has traded down 0.1% against the dollar. Pax Dollar has a total market capitalization of $119.45 million and approximately $690,482.09 worth of Pax Dollar was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• IOTA (MIOTA) traded up 4.2% against the dollar and now trades at $0.16 or 0.00000272 BTC.
• Creditcoin (CTC) traded up 8.2% against the dollar and now trades at $0.51 or 0.00000872 BTC.
• Electroneum (ETN) traded 1% lower against the dollar and now trades at $0.0023 or 0.00000004 BTC.
• Verasity (VRA) traded 5% higher against the dollar and now trades at $0.0035 or 0.00000006 BTC.
• Meter Governance (MTRG) traded 0.6% lower against the dollar and now trades at $0.78 or 0.00001322 BTC.
• The Transfer Token (TTT) traded 0.4% lower against the dollar and now trades at $0.0065 or 0.00000010 BTC.
• SOLVE (SOLVE) traded up 2% against the dollar and now trades at $0.0104 or 0.00000018 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 119,399,806 tokens. Pax Dollar’s official website is www.paxos.com/usdp. Pax Dollar’s official message board is medium.com/@paxosstandard. 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 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 Coinbase, GDAX or Gemini. 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