Pax Dollar Price Tops $1.00 (USDP)

Pax Dollar (USDP) traded down 0.1% against the U.S. dollar during the one day period ending at 17:00 PM ET on May 18th. During the last seven days, Pax Dollar has traded 0% higher against the U.S. dollar. Pax Dollar has a total market capitalization of $145.78 million and $2.89 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can now be purchased for approximately $1.00 or 0.00001493 BTC on exchanges.

Here is how related cryptocurrencies have performed during the last day:

  • IOTA (MIOTA) traded down 0.9% against the dollar and now trades at $0.22 or 0.00000325 BTC.
  • Creditcoin (CTC) traded 1.9% higher against the dollar and now trades at $0.74 or 0.00001111 BTC.
  • Electroneum (ETN) traded up 4.7% against the dollar and now trades at $0.0031 or 0.00000005 BTC.
  • Verasity (VRA) traded down 2.9% against the dollar and now trades at $0.0052 or 0.00000008 BTC.
  • Meter Governance (MTRG) traded 1.5% lower against the dollar and now trades at $1.33 or 0.00001988 BTC.
  • SOLVE (SOLVE) traded 0.8% higher against the dollar and now trades at $0.0187 or 0.00000028 BTC.
  • The Transfer Token (TTT) traded up 0.1% against the dollar and now trades at $0.0050 or 0.00000008 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 145,732,289 tokens. The official message board for Pax Dollar is medium.com/@paxosstandard. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. 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.”

Buying and Selling Pax Dollar

It is usually not 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Pax Dollar using one of the exchanges listed above.

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