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

Pax Dollar (USDP) traded down 0.1% against the US dollar during the 24 hour period ending at 10:00 AM Eastern on July 23rd. One Pax Dollar token can now be bought for approximately $1.00 or 0.00001536 BTC on cryptocurrency exchanges. Pax Dollar has a market capitalization of $31.92 million and approximately $3.15 million worth of Pax Dollar was traded on exchanges in the last day. During the last seven days, Pax Dollar has traded 0.1% lower against the US dollar.

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

• IOTA (MIOTA) traded 1.6% lower against the dollar and now trades at $0.0358 or 0.00000055 BTC.
• Creditcoin (CTC) traded down 1.3% against the dollar and now trades at $0.0804 or 0.00000124 BTC.
• Electroneum (ETN) traded down 1.8% against the dollar and now trades at $0.0008 or 0.00000001 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 0.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Meter Governance (MTRG) traded 1.1% higher against the dollar and now trades at $0.0135 or 0.00000021 BTC.

About Pax Dollar

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 31,954,027 tokens. The official website for Pax Dollar is www.paxos.com/usdp. Pax Dollar’s official message board is medium.com/@paxosstandard. Pax Dollar’s official Twitter account is @paxos and its Facebook page is accessible here.

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”

Buying and Selling Pax Dollar

It is usually not currently 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, Changelly or GDAX. 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