Pax Dollar (USDP) Achieves Market Capitalization of $107.75 Million

Pax Dollar (USDP) traded 0% higher against the US dollar during the twenty-four hour period ending at 14:00 PM Eastern on October 11th. Over the last week, Pax Dollar has traded down 0.2% against the US dollar. One Pax Dollar token can currently be bought for approximately $1.00 or 0.00001590 BTC on major cryptocurrency exchanges. Pax Dollar has a total market cap of $107.75 million and approximately $848,538.21 worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded up 4.8% against the dollar and now trades at $0.12 or 0.00000193 BTC.
• Creditcoin (CTC) traded 4.4% higher against the dollar and now trades at $0.40 or 0.00000642 BTC.
• Electroneum (ETN) traded up 3.9% against the dollar and now trades at $0.0023 or 0.00000004 BTC.
• Verasity (VRA) traded up 6.3% against the dollar and now trades at $0.0030 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 4.3% against the dollar and now trades at $0.43 or 0.00000683 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 0.9% lower against the dollar and now trades at $0.0087 or 0.00000014 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 107,748,793 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. The official message board for Pax Dollar 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 possible to purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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