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

Pax Dollar (USDP) traded up 0% against the US dollar during the twenty-four hour period ending at 7:00 AM E.T. on November 26th. One Pax Dollar token can now be bought for approximately $1.00 or 0.00001082 BTC on cryptocurrency exchanges. Pax Dollar has a market capitalization of $110.08 million and approximately $1.40 million worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last week, Pax Dollar has traded up 0% against the US dollar.

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

• IOTA (MIOTA) traded down 14.4% against the dollar and now trades at $0.21 or 0.00000231 BTC.
• Creditcoin (CTC) traded 5.2% lower against the dollar and now trades at $0.80 or 0.00000869 BTC.
• Verasity (VRA) traded down 9.3% against the dollar and now trades at $0.0051 or 0.00000006 BTC.
• Electroneum (ETN) traded 6.2% lower against the dollar and now trades at $0.0023 or 0.00000002 BTC.
• Meter Governance (MTRG) traded up 5.5% against the dollar and now trades at $0.40 or 0.00000428 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• SOLVE (SOLVE) traded 0.3% lower against the dollar and now trades at $0.0065 or 0.00000007 BTC.

Pax Dollar Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. It launched on 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. Pax Dollar’s official website is www.paxos.com/usdp. 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 possible to buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to trade Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView