Pax Dollar (USDP) Reaches 24 Hour Volume of $6.48 Million

Pax Dollar (USDP) traded down 0% against the U.S. dollar during the 1-day period ending at 21:00 PM Eastern on September 17th. Pax Dollar has a total market capitalization of $105.14 million and $6.48 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can now be purchased for approximately $1.00 or 0.00001661 BTC on exchanges. During the last seven days, Pax Dollar has traded down 0.1% against the U.S. dollar.

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

• IOTA (MIOTA) traded 2.6% higher against the dollar and now trades at $0.12 or 0.00000203 BTC.
• Creditcoin (CTC) traded 0.9% higher against the dollar and now trades at $0.41 or 0.00000681 BTC.
• Electroneum (ETN) traded down 2% against the dollar and now trades at $0.0022 or 0.00000004 BTC.
• Verasity (VRA) traded up 9.2% against the dollar and now trades at $0.0032 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 0.9% lower against the dollar and now trades at $0.45 or 0.00000742 BTC.
• The Transfer Token (TTT) traded down 7.2% against the dollar and now trades at $0.0061 or 0.00000010 BTC.
• SOLVE (SOLVE) traded up 3.9% against the dollar and now trades at $0.0101 or 0.00000017 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 105,079,505 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. Pax Dollar’s official message board 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.”

Buying and Selling Pax Dollar

It is usually not currently 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 Coinbase, GDAX or Changelly. 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