Pax Dollar Market Capitalization Achieves $110.31 Million (USDP)

Pax Dollar (USDP) traded up 0.1% against the U.S. dollar during the 1-day period ending at 16:00 PM E.T. on November 6th. Over the last seven days, Pax Dollar has traded up 0.1% against the U.S. dollar. One Pax Dollar token can currently be bought for approximately $1.00 or 0.00001322 BTC on major cryptocurrency exchanges. Pax Dollar has a market cap of $110.31 million and $4.96 million worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded up 8.2% against the dollar and now trades at $0.12 or 0.00000154 BTC.
• Creditcoin (CTC) traded 5.4% higher against the dollar and now trades at $0.39 or 0.00000512 BTC.
• Electroneum (ETN) traded up 7.5% against the dollar and now trades at $0.0021 or 0.00000003 BTC.
• Verasity (VRA) traded 16.2% higher against the dollar and now trades at $0.0032 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 2.2% higher against the dollar and now trades at $0.28 or 0.00000367 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 3.6% lower against the dollar and now trades at $0.0068 or 0.00000009 BTC.

Pax Dollar Token Profile

Pax Dollar (USDP) uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 110,099,031 tokens. 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. The official message board for Pax Dollar is medium.com/@paxosstandard.

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 presently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView