Pax Dollar (USDP) Price Reaches $1.00 on Top Exchanges

Pax Dollar (USDP) traded down 0.2% against the U.S. dollar during the 1 day period ending at 7:00 AM E.T. on May 4th. Pax Dollar has a total market cap of $148.73 million and approximately $2.35 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can now be bought for about $1.00 or 0.00001561 BTC on major exchanges. In the last week, Pax Dollar has traded up 0.1% against the U.S. dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• IOTA (MIOTA) traded 5.9% higher against the dollar and now trades at $0.23 or 0.00000358 BTC.
• Creditcoin (CTC) traded up 9.7% against the dollar and now trades at $0.69 or 0.00001070 BTC.
• Electroneum (ETN) traded down 1.5% against the dollar and now trades at $0.0039 or 0.00000006 BTC.
• Verasity (VRA) traded up 13.1% against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 5.3% higher against the dollar and now trades at $1.43 or 0.00002225 BTC.
• SOLVE (SOLVE) traded up 2.5% against the dollar and now trades at $0.0194 or 0.00000030 BTC.
• The Transfer Token (TTT) traded down 34.9% against the dollar and now trades at $0.0046 or 0.00000007 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 148,253,495 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. 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.

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 buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView