Pax Dollar Trading Up 0.1% Over Last Week (USDP)

Pax Dollar (USDP) traded 0% higher against the US dollar during the 24 hour period ending at 18:00 PM Eastern on September 2nd. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001699 BTC on exchanges. Pax Dollar has a market capitalization of $107.08 million and approximately $11.07 million worth of Pax Dollar was traded on exchanges in the last day. During the last week, Pax Dollar has traded up 0.1% against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• IOTA (MIOTA) traded 4.2% higher against the dollar and now trades at $0.13 or 0.00000218 BTC.
• Creditcoin (CTC) traded up 0.7% against the dollar and now trades at $0.43 or 0.00000722 BTC.
• Electroneum (ETN) traded 0.7% lower against the dollar and now trades at $0.0018 or 0.00000003 BTC.
• Verasity (VRA) traded 3.7% higher against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 0.9% against the dollar and now trades at $0.52 or 0.00000875 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• SOLVE (SOLVE) traded down 14.2% against the dollar and now trades at $0.0125 or 0.00000021 BTC.

Pax Dollar Profile

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 106,940,788 tokens. Pax Dollar’s official message board 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 possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView