Pax Dollar Market Capitalization Achieves $105.19 Million (USDP)

Pax Dollar (USDP) traded 0% lower against the dollar during the one day period ending at 8:00 AM ET on September 12th. Pax Dollar has a total market capitalization of $105.19 million and approximately $8.12 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can currently be purchased for approximately $1.00 or 0.00001732 BTC on popular cryptocurrency exchanges. During the last week, Pax Dollar has traded down 0.1% against the dollar.

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

• IOTA (MIOTA) traded 0.5% higher against the dollar and now trades at $0.13 or 0.00000218 BTC.
• Creditcoin (CTC) traded 0.4% higher against the dollar and now trades at $0.42 or 0.00000720 BTC.
• Electroneum (ETN) traded 17.6% higher against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded 1% higher against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 0.8% against the dollar and now trades at $0.43 or 0.00000746 BTC.
• The Transfer Token (TTT) traded 6.8% lower against the dollar and now trades at $0.0061 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 2.1% higher against the dollar and now trades at $0.0103 or 0.00000018 BTC.

Pax Dollar Token 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 website is www.paxos.com/usdp. 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.

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

USDP/USD price chart by TradingView