Pax Dollar (USDP) Market Capitalization Achieves $111.61 Million

Pax Dollar (USDP) traded 0% lower against the dollar during the 24-hour period ending at 17:00 PM Eastern on August 14th. In the last seven days, Pax Dollar has traded down 0.1% against the dollar. One Pax Dollar token can currently be bought for approximately $1.00 or 0.00001692 BTC on major cryptocurrency exchanges. Pax Dollar has a market cap of $111.61 million and approximately $2.65 million worth of Pax Dollar was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• IOTA (MIOTA) traded down 0.9% against the dollar and now trades at $0.13 or 0.00000227 BTC.
• Creditcoin (CTC) traded 3% lower against the dollar and now trades at $0.42 or 0.00000703 BTC.
• Electroneum (ETN) traded up 2.2% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded down 3.8% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 3.4% against the dollar and now trades at $0.54 or 0.00000909 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded down 2.7% against the dollar and now trades at $0.0109 or 0.00000018 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 111,590,233 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. 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.”

Pax Dollar Token Trading

It is usually not currently 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 Gemini, GDAX or Coinbase. 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