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

Pax Dollar (USDP) traded up 0% against the dollar during the 1 day period ending at 10:00 AM E.T. on November 29th. One Pax Dollar token can currently be bought for approximately $1.00 or 0.00001098 BTC on exchanges. Pax Dollar has a market cap of $57.48 million and approximately $4.05 million worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last seven days, Pax Dollar has traded up 0.1% against the dollar.

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

• IOTA (MIOTA) traded 4.3% lower against the dollar and now trades at $0.11 or 0.00000125 BTC.
• Creditcoin (CTC) traded 2.8% lower against the dollar and now trades at $0.31 or 0.00000339 BTC.
• Electroneum (ETN) traded 0% higher against the dollar and now trades at $0.0017 or 0.00000002 BTC.
• Verasity (VRA) traded 2.9% lower against the dollar and now trades at $0.0003 or 0.00000000 BTC.
• The Transfer Token (TTT) traded 18.6% lower against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded up 4.9% against the dollar and now trades at $0.0385 or 0.00000042 BTC.
• SOLVE (SOLVE) traded up 23.4% against the dollar and now trades at $0.0002 or 0.00000000 BTC.

Pax Dollar Token Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 57,569,455 tokens. Pax Dollar’s official Twitter account is @paxos and its Facebook page is accessible here. Pax Dollar’s official message board is medium.com/@paxosstandard. Pax Dollar’s official website is www.paxos.com/usdp.

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

USDP/USD price chart by TradingView