Pax Dollar (USDP) Reaches Market Capitalization of $105.10 Million

Pax Dollar (USDP) traded down 0% against the U.S. dollar during the 24-hour period ending at 22:00 PM E.T. on September 15th. Over the last seven days, Pax Dollar has traded down 0.1% against the U.S. dollar. Pax Dollar has a market cap of $105.10 million and approximately $1.12 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can currently be bought for $1.00 or 0.00001711 BTC on exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• IOTA (MIOTA) traded down 5.8% against the dollar and now trades at $0.12 or 0.00000208 BTC.
• Creditcoin (CTC) traded 4.4% lower against the dollar and now trades at $0.41 or 0.00000703 BTC.
• Electroneum (ETN) traded 11.7% lower against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Verasity (VRA) traded 2% higher against the dollar and now trades at $0.0028 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 0.5% against the dollar and now trades at $0.49 or 0.00000846 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 2.8% lower against the dollar and now trades at $0.0098 or 0.00000017 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was 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 message board for Pax Dollar is medium.com/@paxosstandard. 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.”

Buying and Selling Pax Dollar

It is usually not possible to buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to trade Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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