Pax Dollar Achieves Market Cap of $117.34 Million (USDP)

Pax Dollar (USDP) traded down 0% against the dollar during the one day period ending at 23:00 PM ET on July 13th. Pax Dollar has a market cap of $117.34 million and approximately $457,758.37 worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last seven days, Pax Dollar has traded 0.1% lower against the dollar. One Pax Dollar token can currently be purchased for approximately $1.00 or 0.00001680 BTC on major exchanges.

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

• IOTA (MIOTA) traded up 1.9% against the dollar and now trades at $0.16 or 0.00000268 BTC.
• Creditcoin (CTC) traded 0.9% higher against the dollar and now trades at $0.50 or 0.00000846 BTC.
• Electroneum (ETN) traded up 2.9% against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Verasity (VRA) traded down 0.1% against the dollar and now trades at $0.0033 or 0.00000006 BTC.
• Meter Governance (MTRG) traded 1.3% higher against the dollar and now trades at $0.75 or 0.00001259 BTC.
• The Transfer Token (TTT) traded 0.4% lower against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• SOLVE (SOLVE) traded down 1.3% against the dollar and now trades at $0.0100 or 0.00000017 BTC.

Pax Dollar Profile

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 117,399,806 tokens. The official message board for Pax Dollar is medium.com/@paxosstandard. 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.

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