Pax Dollar (USDP) Hits Market Capitalization of $134.90 Million

Pax Dollar (USDP) traded up 0.1% against the U.S. dollar during the twenty-four hour period ending at 0:00 AM E.T. on April 17th. Pax Dollar has a market capitalization of $134.90 million and approximately $6.08 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can currently be bought for $1.00 or 0.00001615 BTC on popular exchanges. In the last week, Pax Dollar has traded 0.1% higher against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• IOTA (MIOTA) traded down 1.2% against the dollar and now trades at $0.22 or 0.00000354 BTC.
• Creditcoin (CTC) traded up 11.2% against the dollar and now trades at $0.72 or 0.00001160 BTC.
• Electroneum (ETN) traded down 6.9% against the dollar and now trades at $0.0047 or 0.00000008 BTC.
• Verasity (VRA) traded 1.8% higher against the dollar and now trades at $0.0055 or 0.00000009 BTC.
• Meter Governance (MTRG) traded up 1.8% against the dollar and now trades at $1.44 or 0.00002326 BTC.
• The Transfer Token (TTT) traded up 0.3% against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded down 2.8% against the dollar and now trades at $0.0197 or 0.00000032 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 134,748,540 tokens. Pax Dollar’s official website is www.paxos.com/usdp. The official message board for Pax Dollar 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 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 GDAX, Changelly or Gemini. 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