Pax Dollar (USDP) Market Capitalization Reaches $93.54 Million

Pax Dollar (USDP) traded down 0% against the dollar during the one day period ending at 8:00 AM ET on January 17th. One Pax Dollar token can currently be purchased for approximately $1.00 or 0.00000972 BTC on major exchanges. Over the last seven days, Pax Dollar has traded 0.1% lower against the dollar. Pax Dollar has a market cap of $93.54 million and approximately $1.26 million worth of Pax Dollar was traded on exchanges in the last 24 hours.

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

• IOTA (MIOTA) traded down 1.1% against the dollar and now trades at $0.40 or 0.00000385 BTC.
• Creditcoin (CTC) traded 0% lower against the dollar and now trades at $1.11 or 0.00001082 BTC.
• Electroneum (ETN) traded down 4% against the dollar and now trades at $0.0028 or 0.00000003 BTC.
• Verasity (VRA) traded up 5% against the dollar and now trades at $0.0045 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 3.4% higher against the dollar and now trades at $0.40 or 0.00000385 BTC.
• The Transfer Token (TTT) traded 0% higher against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• SOLVE (SOLVE) traded up 0.4% against the dollar and now trades at $0.0042 or 0.00000004 BTC.

Pax Dollar Profile

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 93,564,126 tokens. The official website for Pax Dollar 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.”

Pax Dollar Token Trading

It is usually not currently 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 Gemini, Coinbase or GDAX. 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