Pax Dollar Price Reaches $1.00 (USDP)

Pax Dollar (USDP) traded up 0.2% against the dollar during the 24 hour period ending at 15:00 PM E.T. on October 1st. One Pax Dollar token can currently be purchased for approximately $1.00 or 0.00001619 BTC on major exchanges. During the last seven days, Pax Dollar has traded 0.2% higher against the dollar. Pax Dollar has a total market capitalization of $107.32 million and $4.27 million worth of Pax Dollar was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• IOTA (MIOTA) traded 10.3% lower against the dollar and now trades at $0.12 or 0.00000197 BTC.
• Creditcoin (CTC) traded down 6.6% against the dollar and now trades at $0.41 or 0.00000668 BTC.
• Electroneum (ETN) traded 3.7% lower against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• Verasity (VRA) traded down 11.1% against the dollar and now trades at $0.0030 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 11.8% higher against the dollar and now trades at $0.51 or 0.00000823 BTC.
• The Transfer Token (TTT) traded down 0.4% against the dollar and now trades at $0.0050 or 0.00000008 BTC.
• SOLVE (SOLVE) traded down 3.1% against the dollar and now trades at $0.0092 or 0.00000015 BTC.

About Pax Dollar

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 107,115,484 tokens. 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. The official website for Pax Dollar 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.”

Pax Dollar Token Trading

It is usually not possible to buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to trade Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. 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