Pax Dollar (USDP) Market Capitalization Tops $136.38 Million

Pax Dollar (USDP) traded 0% higher against the U.S. dollar during the twenty-four hour period ending at 21:00 PM E.T. on June 22nd. One Pax Dollar token can now be bought for $1.00 or 0.00001551 BTC on major exchanges. Pax Dollar has a total market capitalization of $136.38 million and approximately $886,411.34 worth of Pax Dollar was traded on exchanges in the last day. In the last week, Pax Dollar has traded up 0% against the U.S. dollar.

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

• IOTA (MIOTA) traded 3.6% higher against the dollar and now trades at $0.18 or 0.00000276 BTC.
• Creditcoin (CTC) traded 5.5% higher against the dollar and now trades at $0.47 or 0.00000731 BTC.
• Electroneum (ETN) traded 3.6% higher against the dollar and now trades at $0.0023 or 0.00000004 BTC.
• Verasity (VRA) traded down 0.8% against the dollar and now trades at $0.0032 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 10.2% against the dollar and now trades at $0.88 or 0.00001359 BTC.
• The Transfer Token (TTT) traded 0.2% higher against the dollar and now trades at $0.0051 or 0.00000008 BTC.
• SOLVE (SOLVE) traded 0.6% lower against the dollar and now trades at $0.0122 or 0.00000019 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 136,400,340 tokens. 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. The official website for Pax Dollar is www.paxos.com/usdp.

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 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, Coinbase or Changelly. 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