Pax Dollar Achieves Market Capitalization of $111.27 Million (USDP)

Pax Dollar (USDP) traded down 0% against the U.S. dollar during the 24 hour period ending at 23:00 PM E.T. on August 15th. One Pax Dollar token can currently be bought for $1.00 or 0.00001719 BTC on popular cryptocurrency exchanges. Pax Dollar has a market capitalization of $111.27 million and approximately $3.58 million worth of Pax Dollar was traded on exchanges in the last day. During the last seven days, Pax Dollar has traded 0.2% lower against the U.S. dollar.

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

• IOTA (MIOTA) traded 4.3% lower against the dollar and now trades at $0.13 or 0.00000221 BTC.
• Creditcoin (CTC) traded down 2.5% against the dollar and now trades at $0.40 or 0.00000692 BTC.
• Electroneum (ETN) traded down 2.7% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded down 1.9% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 0.8% lower against the dollar and now trades at $0.52 or 0.00000903 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 1% lower against the dollar and now trades at $0.0109 or 0.00000019 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 111,283,950 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. Pax Dollar’s official message board 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.”

Pax Dollar Token Trading

It is usually not currently 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, Gemini or Coinbase. 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