Pax Dollar (USDP) Market Cap Reaches $110.10 Million

Pax Dollar (USDP) traded up 0% against the US dollar during the 24 hour period ending at 9:00 AM ET on November 2nd. Over the last seven days, Pax Dollar has traded 0% higher against the US dollar. One Pax Dollar token can now be purchased for approximately $1.00 or 0.00001436 BTC on exchanges. Pax Dollar has a market cap of $110.10 million and approximately $908,651.41 worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded down 2.3% against the dollar and now trades at $0.11 or 0.00000157 BTC.
• Creditcoin (CTC) traded down 2.5% against the dollar and now trades at $0.37 or 0.00000530 BTC.
• Electroneum (ETN) traded 1.4% higher against the dollar and now trades at $0.0021 or 0.00000003 BTC.
• Verasity (VRA) traded down 2.3% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 3.1% against the dollar and now trades at $0.25 or 0.00000356 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 16.3% lower against the dollar and now trades at $0.0071 or 0.00000010 BTC.

About Pax Dollar

Pax Dollar (USDP) uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 110,099,031 tokens. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. The official website for Pax Dollar 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.”

Buying and Selling Pax Dollar

It is usually not presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to trade Pax Dollar should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView