Pax Dollar (USDP) 24-Hour Volume Reaches $3.56 Million

Pax Dollar (USDP) traded 0% lower against the US dollar during the 1-day period ending at 22:00 PM E.T. on August 11th. One Pax Dollar token can now be bought for about $1.00 or 0.00001713 BTC on major cryptocurrency exchanges. Pax Dollar has a total market cap of $111.03 million and approximately $3.56 million worth of Pax Dollar was traded on exchanges in the last day. During the last seven days, Pax Dollar has traded 0.5% lower against the US dollar.

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

• IOTA (MIOTA) traded 3.7% lower against the dollar and now trades at $0.13 or 0.00000225 BTC.
• Creditcoin (CTC) traded 2.5% lower against the dollar and now trades at $0.42 or 0.00000725 BTC.
• Electroneum (ETN) traded 4.6% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded 6.8% lower against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 4.8% lower against the dollar and now trades at $0.51 or 0.00000871 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 1.8% higher against the dollar and now trades at $0.0108 or 0.00000018 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 110,881,559 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. Pax Dollar’s official message board is medium.com/@paxosstandard.

According to CryptoCompare, “Pax Dollar (USDP) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology. Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable. Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.Why Use Paxos Standard:Hold digital assets in USDP to limit exposure to volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently”

Buying and Selling Pax Dollar

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView