Pax Dollar 24 Hour Trading Volume Hits $3.44 Million (USDP)

Pax Dollar (USDP) traded 0% lower against the U.S. dollar during the 1-day period ending at 16:00 PM Eastern on August 11th. During the last week, Pax Dollar has traded up 0.1% against the U.S. dollar. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001707 BTC on major exchanges. Pax Dollar has a total market cap of $111.04 million and $3.44 million worth of Pax Dollar was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• IOTA (MIOTA) traded 4% lower against the dollar and now trades at $0.13 or 0.00000223 BTC.
• Creditcoin (CTC) traded 4.6% lower against the dollar and now trades at $0.42 or 0.00000717 BTC.
• Electroneum (ETN) traded up 5.2% against the dollar and now trades at $0.0021 or 0.00000004 BTC.
• Verasity (VRA) traded down 6.9% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 1.9% higher against the dollar and now trades at $0.51 or 0.00000874 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 1.3% lower against the dollar and now trades at $0.0107 or 0.00000018 BTC.

About Pax Dollar

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 110,881,559 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. Pax Dollar’s official website 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”

Buying and Selling Pax Dollar

It is usually not possible to purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView