Pax Dollar Trading Up 0% This Week (USDP)

Pax Dollar (USDP) traded down 0.1% against the US dollar during the twenty-four hour period ending at 8:00 AM ET on March 30th. One Pax Dollar token can currently be bought for $1.00 or 0.00001205 BTC on exchanges. Pax Dollar has a market cap of $79.43 million and approximately $110,741.28 worth of Pax Dollar was traded on exchanges in the last day. Over the last seven days, Pax Dollar has traded up 0% against the US dollar.

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

• IOTA (MIOTA) traded 0.2% lower against the dollar and now trades at $0.17 or 0.00000209 BTC.
• Creditcoin (CTC) traded up 0.9% against the dollar and now trades at $0.65 or 0.00000787 BTC.
• Electroneum (ETN) traded up 0.5% against the dollar and now trades at $0.0017 or 0.00000002 BTC.
• Verasity (VRA) traded 0.9% higher against the dollar and now trades at $0.0013 or 0.00000002 BTC.
• The Transfer Token (TTT) traded 18.6% lower against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded 1.7% higher against the dollar and now trades at $0.0902 or 0.00000109 BTC.
• SOLVE (SOLVE) traded up 6.3% against the dollar and now trades at $0.0006 or 0.00000001 BTC.

Pax Dollar Profile

Pax Dollar uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 79,443,384 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 stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology. Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable. Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.Why Use Paxos Standard:Hold digital assets in USDP to limit exposure to volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently”

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 acquire Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. 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