Pax Dollar 24 Hour Trading Volume Hits $1.73 Million (USDP)

Pax Dollar (USDP) traded up 0% against the U.S. dollar during the 24 hour period ending at 11:00 AM Eastern on August 22nd. Pax Dollar has a market capitalization of $108.60 million and approximately $1.73 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can now be purchased for $1.00 or 0.00001648 BTC on major exchanges. In the last seven days, Pax Dollar has traded up 0% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• IOTA (MIOTA) traded up 4.3% against the dollar and now trades at $0.14 or 0.00000230 BTC.
• Creditcoin (CTC) traded up 5% against the dollar and now trades at $0.43 or 0.00000712 BTC.
• Electroneum (ETN) traded 1.7% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded 11% higher against the dollar and now trades at $0.0028 or 0.00000005 BTC.
• Meter Governance (MTRG) traded up 0.1% against the dollar and now trades at $0.51 or 0.00000847 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded up 1.9% against the dollar and now trades at $0.0108 or 0.00000018 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 108,532,033 tokens. 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. 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.”

Buying and Selling Pax Dollar

It is usually not presently 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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView