Pax Dollar (USDP) Trading Down 0.1% Over Last 7 Days

Pax Dollar (USDP) traded 0% higher against the US dollar during the 24 hour period ending at 8:00 AM E.T. on March 14th. One Pax Dollar token can currently be bought for about $1.00 or 0.00001200 BTC on exchanges. Pax Dollar has a total market cap of $79.27 million and approximately $709,953.17 worth of Pax Dollar was traded on exchanges in the last day. In the last seven days, Pax Dollar has traded down 0.1% against the US dollar.

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

• IOTA (MIOTA) traded down 1.2% against the dollar and now trades at $0.18 or 0.00000218 BTC.
• Creditcoin (CTC) traded down 5.7% against the dollar and now trades at $0.61 or 0.00000735 BTC.
• Electroneum (ETN) traded up 3.3% against the dollar and now trades at $0.0019 or 0.00000002 BTC.
• Verasity (VRA) traded 2% lower against the dollar and now trades at $0.0018 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 2.4% against the dollar and now trades at $0.0856 or 0.00000103 BTC.
• SOLVE (SOLVE) traded down 0.1% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

About Pax Dollar

Pax Dollar (USDP) uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 79,232,665 tokens. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. Pax Dollar’s official message board is medium.com/@paxosstandard. Pax Dollar’s official website is www.paxos.com/usdp.

According to CryptoCompare, “Pax Dollar (USDP) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology. Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable. Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.Why Use Paxos Standard:Hold digital assets in USDP to limit exposure to volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently”

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 Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView