Pax Dollar (USDP) Price Tops $1.00 on Exchanges

Pax Dollar (USDP) traded up 0.1% against the U.S. dollar during the twenty-four hour period ending at 19:00 PM E.T. on November 4th. Over the last seven days, Pax Dollar has traded up 0.1% against the U.S. dollar. One Pax Dollar token can currently be bought for $1.00 or 0.00001477 BTC on popular cryptocurrency exchanges. Pax Dollar has a total market cap of $110.16 million and approximately $2.01 million worth of Pax Dollar was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded down 3% against the dollar and now trades at $0.10 or 0.00000152 BTC.
• Creditcoin (CTC) traded down 4.2% against the dollar and now trades at $0.37 or 0.00000543 BTC.
• Electroneum (ETN) traded 1.7% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded up 0% against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• Meter Governance (MTRG) traded up 1.3% against the dollar and now trades at $0.24 or 0.00000349 BTC.
• SOLVE (SOLVE) traded 6.3% higher against the dollar and now trades at $0.0074 or 0.00000011 BTC.

About Pax Dollar

USDP uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 110,099,031 tokens. 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. The official website for Pax Dollar is www.paxos.com/usdp.

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

USDP/USD price chart by TradingView