Pax Dollar (USDP) Price Reaches $1.00 on Exchanges

Pax Dollar (USDP) traded 0% lower against the dollar during the 1-day period ending at 11:00 AM ET on December 15th. Pax Dollar has a market capitalization of $51.57 million and $2.07 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can now be purchased for about $1.00 or 0.00001142 BTC on major cryptocurrency exchanges. In the last seven days, Pax Dollar has traded 0% lower against the dollar.

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

• IOTA (MIOTA) traded down 4.9% against the dollar and now trades at $0.0919 or 0.00000105 BTC.
• Creditcoin (CTC) traded 5% lower against the dollar and now trades at $0.27 or 0.00000304 BTC.
• Verasity (VRA) traded down 7.2% against the dollar and now trades at $0.0003 or 0.00000000 BTC.
• Electroneum (ETN) traded 1.1% higher against the dollar and now trades at $0.0013 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded 9.4% lower against the dollar and now trades at $0.0314 or 0.00000036 BTC.
• SOLVE (SOLVE) traded down 1.2% against the dollar and now trades at $0.0002 or 0.00000000 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 51,569,455 tokens. The official website for Pax Dollar is www.paxos.com/usdp. Pax Dollar’s official Twitter account is @paxos and its Facebook page is accessible here. The official message board for Pax Dollar is medium.com/@paxosstandard.

According to CryptoCompare, “Pax Dollar (USDP) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology. Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable. Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.Why Use Paxos Standard:Hold digital assets in USDP to limit exposure to volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently”

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 aforementioned exchanges.

USDP/USD price chart by TradingView