Pax Dollar (USDP) Reaches Market Capitalization of $105.12 Million

Pax Dollar (USDP) traded 0.1% lower against the dollar during the 1 day period ending at 15:00 PM E.T. on September 17th. One Pax Dollar token can now be bought for approximately $1.00 or 0.00001641 BTC on major cryptocurrency exchanges. Pax Dollar has a market capitalization of $105.12 million and approximately $7.38 million worth of Pax Dollar was traded on exchanges in the last 24 hours. In the last week, Pax Dollar has traded 0.2% lower against the dollar.

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

• IOTA (MIOTA) traded 3.2% higher against the dollar and now trades at $0.12 or 0.00000203 BTC.
• Creditcoin (CTC) traded 2.1% higher against the dollar and now trades at $0.42 or 0.00000681 BTC.
• Electroneum (ETN) traded 4.3% lower against the dollar and now trades at $0.0022 or 0.00000004 BTC.
• Verasity (VRA) traded 8.4% higher against the dollar and now trades at $0.0032 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 3.2% lower against the dollar and now trades at $0.45 or 0.00000734 BTC.
• The Transfer Token (TTT) traded 7.2% lower against the dollar and now trades at $0.0061 or 0.00000010 BTC.
• SOLVE (SOLVE) traded up 6.3% against the dollar and now trades at $0.0102 or 0.00000017 BTC.

About Pax Dollar

USDP uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 105,079,505 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. Pax Dollar’s official website is www.paxos.com/usdp. 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 possible to purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, 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