Pax Dollar (USDP) 24-Hour Trading Volume Hits $1.17 Million

Pax Dollar (USDP) traded up 0.1% against the US dollar during the one day period ending at 19:00 PM Eastern on August 4th. Pax Dollar has a total market capitalization of $114.56 million and $1.17 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can currently be bought for approximately $1.00 or 0.00001701 BTC on exchanges. Over the last week, Pax Dollar has traded 0.2% higher against the US dollar.

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

• IOTA (MIOTA) traded 2.8% lower against the dollar and now trades at $0.13 or 0.00000222 BTC.
• Creditcoin (CTC) traded down 2.8% against the dollar and now trades at $0.43 or 0.00000723 BTC.
• Electroneum (ETN) traded 3.6% lower against the dollar and now trades at $0.0023 or 0.00000004 BTC.
• Verasity (VRA) traded 1.6% lower against the dollar and now trades at $0.0028 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 5% against the dollar and now trades at $0.58 or 0.00000981 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 2.4% lower against the dollar and now trades at $0.0097 or 0.00000017 BTC.

About Pax Dollar

USDP uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 114,399,806 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. 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.

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 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 Coinbase. 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