Pax Dollar (USDP) Price Hits $1.00

Pax Dollar (USDP) traded down 0% against the US dollar during the one day period ending at 7:00 AM E.T. on May 6th. During the last seven days, Pax Dollar has traded 0% higher against the US dollar. Pax Dollar has a total market cap of $148.36 million and $1.94 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can currently be bought for $1.00 or 0.00001560 BTC on major exchanges.

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

• IOTA (MIOTA) traded 2.7% higher against the dollar and now trades at $0.23 or 0.00000362 BTC.
• Creditcoin (CTC) traded up 10.7% against the dollar and now trades at $0.76 or 0.00001181 BTC.
• Electroneum (ETN) traded up 0.8% against the dollar and now trades at $0.0036 or 0.00000006 BTC.
• Verasity (VRA) traded up 3.5% against the dollar and now trades at $0.0061 or 0.00000009 BTC.
• Meter Governance (MTRG) traded up 4.4% against the dollar and now trades at $1.47 or 0.00002297 BTC.
• SOLVE (SOLVE) traded up 0% against the dollar and now trades at $0.0192 or 0.00000030 BTC.
• The Transfer Token (TTT) traded 34.6% lower against the dollar and now trades at $0.0046 or 0.00000007 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 148,253,495 tokens. The official website for Pax Dollar is www.paxos.com/usdp. 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.

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 Coinbase, GDAX or Gemini. 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