Pax Dollar (USDP) Trading Up 0.1% Over Last 7 Days

Pax Dollar (USDP) traded 0.1% higher against the U.S. dollar during the 24 hour period ending at 0:00 AM E.T. on September 2nd. One Pax Dollar token can currently be bought for $1.00 or 0.00001695 BTC on popular cryptocurrency exchanges. During the last seven days, Pax Dollar has traded up 0.1% against the U.S. dollar. Pax Dollar has a market capitalization of $107.11 million and $11.49 million worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded up 6.2% against the dollar and now trades at $0.13 or 0.00000218 BTC.
• Creditcoin (CTC) traded 1.9% higher against the dollar and now trades at $0.43 or 0.00000724 BTC.
• Electroneum (ETN) traded 0.2% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.
• Verasity (VRA) traded 7.6% higher against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 1.1% higher against the dollar and now trades at $0.52 or 0.00000876 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• SOLVE (SOLVE) traded 9.9% lower against the dollar and now trades at $0.0119 or 0.00000020 BTC.

Pax Dollar Token Profile

Pax Dollar (USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 106,940,788 tokens. The official message board for Pax Dollar is medium.com/@paxosstandard. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. 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 possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first buy 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 buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView