Pax Dollar Hits 1-Day Trading Volume of $2.25 Million (USDP)

Pax Dollar (USDP) traded down 0% against the dollar during the 1-day period ending at 23:00 PM E.T. on October 22nd. One Pax Dollar token can now be bought for approximately $1.00 or 0.00001491 BTC on exchanges. Pax Dollar has a total market capitalization of $109.37 million and approximately $2.25 million worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last seven days, Pax Dollar has traded down 0.1% against the dollar.

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

• IOTA (MIOTA) traded down 1.6% against the dollar and now trades at $0.12 or 0.00000178 BTC.
• Creditcoin (CTC) traded down 0.6% against the dollar and now trades at $0.41 or 0.00000606 BTC.
• Electroneum (ETN) traded up 1.5% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded down 2% against the dollar and now trades at $0.0029 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 4.7% lower against the dollar and now trades at $0.33 or 0.00000496 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 0.1% higher against the dollar and now trades at $0.0087 or 0.00000013 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 109,319,462 tokens. The official website for Pax Dollar is www.paxos.com/usdp. The official message board for Pax Dollar is medium.com/@paxosstandard. 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.”

Buying and Selling Pax Dollar

It is usually not presently 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 Changelly, Coinbase or Gemini. 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