Pax Dollar (USDP) Market Cap Hits $109.29 Million

Pax Dollar (USDP) traded up 0% against the US dollar during the twenty-four hour period ending at 18:00 PM ET on October 24th. Pax Dollar has a market cap of $109.29 million and $1.84 million worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last seven days, Pax Dollar has traded down 0.1% against the US dollar. One Pax Dollar token can now be purchased for approximately $1.00 or 0.00001461 BTC on cryptocurrency exchanges.

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

• IOTA (MIOTA) traded 2.8% higher against the dollar and now trades at $0.12 or 0.00000173 BTC.
• Creditcoin (CTC) traded 2% higher against the dollar and now trades at $0.40 or 0.00000583 BTC.
• Electroneum (ETN) traded down 3.1% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded 4.6% higher against the dollar and now trades at $0.0028 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 6.1% lower against the dollar and now trades at $0.30 or 0.00000445 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 1.8% higher against the dollar and now trades at $0.0088 or 0.00000013 BTC.

Pax Dollar Profile

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 109,319,462 tokens. 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. Pax Dollar’s official website 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 presently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView