Pax Dollar Price Hits $1.00 (USDP)

Pax Dollar (USDP) traded 0.1% higher against the dollar during the 24-hour period ending at 10:00 AM Eastern on May 17th. One Pax Dollar token can now be purchased for approximately $1.00 or 0.00001508 BTC on exchanges. Pax Dollar has a total market cap of $145.88 million and $4.56 million worth of Pax Dollar was traded on exchanges in the last day. Over the last seven days, Pax Dollar has traded 0.1% higher against the dollar.

Here’s how other cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded up 3.4% against the dollar and now trades at $0.22 or 0.00000329 BTC.
• Creditcoin (CTC) traded up 3.4% against the dollar and now trades at $0.72 or 0.00001092 BTC.
• Electroneum (ETN) traded 6.8% lower against the dollar and now trades at $0.0030 or 0.00000005 BTC.
• Verasity (VRA) traded 2.3% higher against the dollar and now trades at $0.0052 or 0.00000008 BTC.
• Meter Governance (MTRG) traded up 5% against the dollar and now trades at $1.34 or 0.00002021 BTC.
• SOLVE (SOLVE) traded 0.6% higher against the dollar and now trades at $0.0186 or 0.00000028 BTC.
• The Transfer Token (TTT) traded 0.1% higher against the dollar and now trades at $0.0050 or 0.00000008 BTC.

Pax Dollar Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 145,732,289 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. 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.”

Pax Dollar Token Trading

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

USDP/USD price chart by TradingView