Pax Dollar (USDP) Reaches Market Capitalization of $109.57 Million

Pax Dollar (USDP) traded 0% lower against the U.S. dollar during the twenty-four hour period ending at 17:00 PM ET on August 17th. One Pax Dollar token can now be purchased for $1.00 or 0.00001683 BTC on major exchanges. Pax Dollar has a market capitalization of $109.57 million and approximately $2.64 million worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last seven days, Pax Dollar has traded down 0.2% against the U.S. dollar.

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

• IOTA (MIOTA) traded up 0.6% against the dollar and now trades at $0.13 or 0.00000217 BTC.
• Creditcoin (CTC) traded 5.1% higher against the dollar and now trades at $0.43 or 0.00000719 BTC.
• Electroneum (ETN) traded up 1.2% against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded down 1.7% against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 2.2% lower against the dollar and now trades at $0.52 or 0.00000869 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 2.7% lower against the dollar and now trades at $0.0106 or 0.00000018 BTC.

About Pax Dollar

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 109,594,777 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.”

Pax Dollar Token Trading

It is usually not possible to buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first buy 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 buy Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView