Pax Dollar (USDP) Achieves Market Cap of $79.99 Million

Pax Dollar (USDP) traded 0% higher against the US dollar during the twenty-four hour period ending at 7:00 AM ET on January 25th. Pax Dollar has a total market cap of $79.99 million and $1.53 million worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last seven days, Pax Dollar has traded up 0% against the US dollar. One Pax Dollar token can now be purchased for $1.00 or 0.00000957 BTC on major exchanges.

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

• IOTA (MIOTA) traded down 3.8% against the dollar and now trades at $0.32 or 0.00000308 BTC.
• Creditcoin (CTC) traded 4.7% lower against the dollar and now trades at $1.02 or 0.00000974 BTC.
• Electroneum (ETN) traded up 2.9% against the dollar and now trades at $0.0027 or 0.00000003 BTC.
• Verasity (VRA) traded down 6.9% against the dollar and now trades at $0.0034 or 0.00000003 BTC.
• Meter Governance (MTRG) traded 5.3% higher against the dollar and now trades at $0.27 or 0.00000261 BTC.
• The Transfer Token (TTT) traded up 0.1% against the dollar and now trades at $0.0037 or 0.00000003 BTC.
• SOLVE (SOLVE) traded down 2.2% against the dollar and now trades at $0.0032 or 0.00000003 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 80,002,990 tokens. 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. 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 presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. 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