Pax Dollar (USDP) Market Capitalization Reaches $139.01 Million

Pax Dollar (USDP) traded 0% higher against the dollar during the one day period ending at 7:00 AM E.T. on April 23rd. One Pax Dollar token can currently be bought for approximately $1.00 or 0.00001514 BTC on exchanges. Pax Dollar has a total market cap of $139.01 million and approximately $2.52 million worth of Pax Dollar was traded on exchanges in the last day. During the last week, Pax Dollar has traded 0.2% lower against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• IOTA (MIOTA) traded 0.3% lower against the dollar and now trades at $0.24 or 0.00000364 BTC.
• Creditcoin (CTC) traded down 1.8% against the dollar and now trades at $0.76 or 0.00001143 BTC.
• Electroneum (ETN) traded 12.1% lower against the dollar and now trades at $0.0040 or 0.00000006 BTC.
• Verasity (VRA) traded down 7.4% against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• Meter Governance (MTRG) traded up 0.7% against the dollar and now trades at $1.52 or 0.00002299 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded 1.4% lower against the dollar and now trades at $0.0209 or 0.00000032 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 138,777,747 tokens. The official website for Pax Dollar is www.paxos.com/usdp. Pax Dollar’s official message board is medium.com/@paxosstandard. 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.”

Pax Dollar Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView