Pax Dollar (USDP) Reaches Market Capitalization of $105.10 Million

Pax Dollar (USDP) traded down 0% against the dollar during the twenty-four hour period ending at 22:00 PM Eastern on September 15th. Pax Dollar has a market capitalization of $105.10 million and approximately $1.12 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can now be purchased for about $1.00 or 0.00001711 BTC on popular cryptocurrency exchanges. Over the last week, Pax Dollar has traded 0.1% lower against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded 5.8% lower against the dollar and now trades at $0.12 or 0.00000208 BTC.
• Creditcoin (CTC) traded 4.4% lower against the dollar and now trades at $0.41 or 0.00000703 BTC.
• Electroneum (ETN) traded 11.7% lower against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Verasity (VRA) traded 2% higher against the dollar and now trades at $0.0028 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 0.5% lower against the dollar and now trades at $0.49 or 0.00000846 BTC.
• The Transfer Token (TTT) traded 7.2% lower against the dollar and now trades at $0.0061 or 0.00000010 BTC.
• SOLVE (SOLVE) traded down 2.8% against the dollar and now trades at $0.0098 or 0.00000017 BTC.

Pax Dollar Profile

Pax Dollar uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 105,079,505 tokens. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. The official message board for Pax Dollar is medium.com/@paxosstandard. 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.”

Buying and Selling Pax Dollar

It is usually not possible to purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to trade Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. 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