Pax Dollar Price Hits $1.01 on Top Exchanges (USDP)

Pax Dollar (USDP) traded 0.4% higher against the U.S. dollar during the 24 hour period ending at 14:00 PM Eastern on November 24th. Pax Dollar has a total market cap of $951.74 million and $2.98 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can currently be purchased for $1.01 or 0.00006072 BTC on exchanges. During the last seven days, Pax Dollar has traded up 1.2% against the U.S. dollar.

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

  • IOTA (MIOTA) traded 2% lower against the dollar and now trades at $0.21 or 0.00001290 BTC.
  • The Transfer Token (TTT) traded 2.9% higher against the dollar and now trades at $0.11 or 0.00000638 BTC.
  • Creditcoin (CTC) traded down 1.1% against the dollar and now trades at $0.34 or 0.00002070 BTC.
  • Electroneum (ETN) traded up 1.6% against the dollar and now trades at $0.0022 or 0.00000013 BTC.
  • Meter Governance (MTRG) traded down 4.1% against the dollar and now trades at $2.06 or 0.00012417 BTC.
  • Verasity (VRA) traded down 0.8% against the dollar and now trades at $0.0029 or 0.00000018 BTC.
  • SOLVE (SOLVE) traded 1.2% higher against the dollar and now trades at $0.0247 or 0.00000149 BTC.

About Pax Dollar

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 945,642,940 tokens. The official website for Pax Dollar is www.paxos.com/usdp. Pax Dollar’s official message board is medium.com/@paxosstandard. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here.

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 acquire Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the aforementioned exchanges.

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