Pax Dollar (USDP) Price Tops $1.00 on Exchanges

Pax Dollar (USDP) traded up 0.1% against the dollar during the 1-day period ending at 18:00 PM ET on December 9th. One Pax Dollar token can currently be purchased for $1.00 or 0.00002269 BTC on cryptocurrency exchanges. Pax Dollar has a market capitalization of $427.61 million and approximately $4.60 million worth of Pax Dollar was traded on exchanges in the last 24 hours. During the last week, Pax Dollar has traded 0.2% lower against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• IOTA (MIOTA) traded 1.7% lower against the dollar and now trades at $0.29 or 0.00000665 BTC.
• Verasity (VRA) traded up 0.3% against the dollar and now trades at $0.0084 or 0.00000019 BTC.
• Creditcoin (CTC) traded up 1.4% against the dollar and now trades at $0.21 or 0.00000489 BTC.
• Meter Governance (MTRG) traded 0.9% lower against the dollar and now trades at $2.07 or 0.00004710 BTC.
• Electroneum (ETN) traded 9.8% higher against the dollar and now trades at $0.0021 or 0.00000005 BTC.
• SOLVE (SOLVE) traded 0.4% lower against the dollar and now trades at $0.0232 or 0.00000053 BTC.
• The Transfer Token (TTT) traded 0% higher against the dollar and now trades at $0.0034 or 0.00000008 BTC.

About Pax Dollar

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 428,956,784 tokens. 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. The official message board for Pax Dollar 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.”

Buying and Selling Pax Dollar

It is usually not presently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView