Pax Dollar (USDP) Hits Market Capitalization of $109.30 Million

Pax Dollar (USDP) traded down 0% against the U.S. dollar during the 24 hour period ending at 0:00 AM Eastern on October 24th. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001473 BTC on exchanges. In the last seven days, Pax Dollar has traded 0% lower against the U.S. dollar. Pax Dollar has a market cap of $109.30 million and approximately $1.85 million worth of Pax Dollar was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• IOTA (MIOTA) traded 0.1% higher against the dollar and now trades at $0.12 or 0.00000172 BTC.
• Creditcoin (CTC) traded up 0.5% against the dollar and now trades at $0.40 or 0.00000588 BTC.
• Electroneum (ETN) traded down 6% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded 1.5% higher against the dollar and now trades at $0.0028 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 1.8% lower against the dollar and now trades at $0.30 or 0.00000443 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 6.6% against the dollar and now trades at $0.0082 or 0.00000012 BTC.

Pax Dollar Token Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 109,319,462 tokens. Pax Dollar’s official website 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 presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini 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