Pax Dollar 1-Day Volume Hits $2.88 Million (USDP)

Pax Dollar (USDP) traded 0.1% lower against the US dollar during the 1-day period ending at 19:00 PM ET on May 6th. Pax Dollar has a market capitalization of $143.29 million and approximately $2.88 million worth of Pax Dollar was traded on exchanges in the last 24 hours. During the last week, Pax Dollar has traded up 0% against the US dollar. One Pax Dollar token can currently be bought for approximately $1.00 or 0.00001576 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last 24 hours:

• IOTA (MIOTA) traded 1% higher against the dollar and now trades at $0.23 or 0.00000361 BTC.
• Creditcoin (CTC) traded up 5.7% against the dollar and now trades at $0.71 or 0.00001126 BTC.
• Electroneum (ETN) traded 7.7% lower against the dollar and now trades at $0.0036 or 0.00000006 BTC.
• Verasity (VRA) traded 1.1% higher against the dollar and now trades at $0.0059 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 0.4% lower against the dollar and now trades at $1.43 or 0.00002252 BTC.
• SOLVE (SOLVE) traded down 0.2% against the dollar and now trades at $0.0192 or 0.00000030 BTC.
• The Transfer Token (TTT) traded 34.6% lower against the dollar and now trades at $0.0046 or 0.00000007 BTC.

Pax Dollar Token Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 143,253,496 tokens. Pax Dollar’s official website 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.”

Buying and Selling Pax Dollar

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

USDP/USD price chart by TradingView