Pax Dollar (USDP) Hits Market Cap of $109.07 Million

Pax Dollar (USDP) traded down 0.1% against the U.S. dollar during the twenty-four hour period ending at 20:00 PM ET on October 17th. Pax Dollar has a market capitalization of $109.07 million and approximately $1.00 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can now be purchased for $1.00 or 0.00001485 BTC on popular exchanges. In the last seven days, Pax Dollar has traded 0.1% higher against the U.S. dollar.

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

• IOTA (MIOTA) traded 3.1% lower against the dollar and now trades at $0.12 or 0.00000175 BTC.
• Creditcoin (CTC) traded down 2.5% against the dollar and now trades at $0.40 or 0.00000599 BTC.
• Electroneum (ETN) traded 0.5% higher against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded 4.9% lower against the dollar and now trades at $0.0029 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 4% against the dollar and now trades at $0.39 or 0.00000582 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded down 8.1% against the dollar and now trades at $0.0086 or 0.00000013 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 109,046,699 tokens. The official message board for Pax Dollar is medium.com/@paxosstandard. The official website for Pax Dollar 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 currently possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView