Pax Dollar Market Cap Reaches $946.11 Million (USDP)

Pax Dollar (USDP) traded 0.4% lower against the U.S. dollar during the one day period ending at 20:00 PM E.T. on November 24th. One Pax Dollar token can currently be bought for about $1.00 or 0.00006044 BTC on popular cryptocurrency exchanges. Over the last seven days, Pax Dollar has traded up 0.5% against the U.S. dollar. Pax Dollar has a total market capitalization of $946.11 million and approximately $2.92 million worth of Pax Dollar was traded on exchanges in the last 24 hours.

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

  • IOTA (MIOTA) traded down 1.3% against the dollar and now trades at $0.22 or 0.00001302 BTC.
  • The Transfer Token (TTT) traded up 1.6% against the dollar and now trades at $0.11 or 0.00000638 BTC.
  • Creditcoin (CTC) traded 2% lower against the dollar and now trades at $0.34 or 0.00002062 BTC.
  • Electroneum (ETN) traded down 3.7% against the dollar and now trades at $0.0021 or 0.00000013 BTC.
  • Meter Governance (MTRG) traded 3.9% lower against the dollar and now trades at $2.07 or 0.00012483 BTC.
  • Verasity (VRA) traded 1.3% lower against the dollar and now trades at $0.0029 or 0.00000018 BTC.
  • SOLVE (SOLVE) traded down 0.6% against the dollar and now trades at $0.0246 or 0.00000148 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 945,642,940 tokens. The official website for Pax Dollar is www.paxos.com/usdp. 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.

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 currently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the exchanges listed above.

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