Pax Dollar (USDP) One Day Trading Volume Hits $2.09 Million

Pax Dollar (USDP) traded up 0% against the dollar during the 24-hour period ending at 9:00 AM Eastern on August 14th. Pax Dollar has a market capitalization of $111.72 million and approximately $2.09 million worth of Pax Dollar was traded on exchanges in the last day. Over the last week, Pax Dollar has traded down 0% against the dollar. One Pax Dollar token can now be purchased for approximately $1.00 or 0.00001633 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded up 3.3% against the dollar and now trades at $0.14 or 0.00000224 BTC.
• Creditcoin (CTC) traded 0.8% lower against the dollar and now trades at $0.42 or 0.00000687 BTC.
• Electroneum (ETN) traded 9.1% higher against the dollar and now trades at $0.0021 or 0.00000003 BTC.
• Verasity (VRA) traded up 3% against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 1.6% against the dollar and now trades at $0.52 or 0.00000854 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 3.7% lower against the dollar and now trades at $0.0110 or 0.00000018 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 111,590,233 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. 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 currently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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