Pax Dollar (USDP) Price Hits $1.00 on Major Exchanges

Pax Dollar (USDP) traded 0% lower against the dollar during the 1 day period ending at 11:00 AM ET on February 25th. During the last week, Pax Dollar has traded up 0% against the dollar. One Pax Dollar token can now be bought for about $1.00 or 0.00001479 BTC on cryptocurrency exchanges. Pax Dollar has a market capitalization of $47.56 million and approximately $4.47 million worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded 6% higher against the dollar and now trades at $0.0704 or 0.00000104 BTC.
• Creditcoin (CTC) traded up 5.7% against the dollar and now trades at $0.16 or 0.00000234 BTC.
• Electroneum (ETN) traded up 0.2% against the dollar and now trades at $0.0010 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.
• Verasity (VRA) traded up 4.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Meter Governance (MTRG) traded up 0.6% against the dollar and now trades at $0.0241 or 0.00000036 BTC.
• SOLVE (SOLVE) traded up 19.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Pax Dollar Token Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 47,569,453 tokens. Pax Dollar’s official Twitter account is @paxos and its Facebook page is accessible here. Pax Dollar’s official website is www.paxos.com/usdp. 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.”

Pax Dollar Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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