Pax Dollar (USDP) Market Capitalization Achieves $105.26 Million

Pax Dollar (USDP) traded down 0% against the US dollar during the 24-hour period ending at 21:00 PM Eastern on September 11th. One Pax Dollar token can currently be purchased for approximately $1.00 or 0.00001733 BTC on major cryptocurrency exchanges. Over the last week, Pax Dollar has traded up 0.1% against the US dollar. Pax Dollar has a total market capitalization of $105.26 million and approximately $6.03 million worth of Pax Dollar was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

• IOTA (MIOTA) traded down 1.8% against the dollar and now trades at $0.13 or 0.00000219 BTC.
• Creditcoin (CTC) traded 1.7% lower against the dollar and now trades at $0.42 or 0.00000728 BTC.
• Electroneum (ETN) traded down 2.1% against the dollar and now trades at $0.0017 or 0.00000003 BTC.
• Verasity (VRA) traded down 1.3% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 2.9% against the dollar and now trades at $0.45 or 0.00000773 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• SOLVE (SOLVE) traded 2.9% higher against the dollar and now trades at $0.0102 or 0.00000018 BTC.

About Pax Dollar

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 105,079,505 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.”

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 trade Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase 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