Pax Dollar (USDP) Achieves Market Cap of $109.10 Million

Pax Dollar (USDP) traded 0% lower against the dollar during the 1-day period ending at 14:00 PM E.T. on October 18th. In the last week, Pax Dollar has traded up 0% against the dollar. One Pax Dollar token can now be purchased for approximately $1.00 or 0.00001452 BTC on cryptocurrency exchanges. Pax Dollar has a market capitalization of $109.10 million and approximately $534,489.24 worth of Pax Dollar was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• IOTA (MIOTA) traded 2.4% higher against the dollar and now trades at $0.12 or 0.00000174 BTC.
• Creditcoin (CTC) traded 1.9% higher against the dollar and now trades at $0.41 or 0.00000593 BTC.
• Electroneum (ETN) traded 5.8% higher against the dollar and now trades at $0.0023 or 0.00000003 BTC.
• Verasity (VRA) traded 2.8% higher against the dollar and now trades at $0.0030 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 4.8% higher against the dollar and now trades at $0.41 or 0.00000594 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 0.7% higher against the dollar and now trades at $0.0086 or 0.00000012 BTC.

About Pax Dollar

Pax Dollar (USDP) uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 109,046,699 tokens. The official message board for Pax Dollar is medium.com/@paxosstandard. Pax Dollar’s official website is www.paxos.com/usdp. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here.

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 buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView