Pax Dollar Achieves Market Cap of $109.30 Million (USDP)

Pax Dollar (USDP) traded 0% lower against the U.S. dollar during the 24-hour period ending at 11:00 AM E.T. on October 23rd. Pax Dollar has a total market cap of $109.30 million and $1.18 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can now be purchased for about $1.00 or 0.00001511 BTC on cryptocurrency exchanges. During the last week, Pax Dollar has traded 0.1% lower against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• IOTA (MIOTA) traded 2.2% lower against the dollar and now trades at $0.12 or 0.00000176 BTC.
• Creditcoin (CTC) traded 2.1% lower against the dollar and now trades at $0.39 or 0.00000594 BTC.
• Electroneum (ETN) traded 0.2% higher against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded 4.1% lower against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 4% against the dollar and now trades at $0.32 or 0.00000482 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 3.1% lower against the dollar and now trades at $0.0086 or 0.00000013 BTC.

About Pax Dollar

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

Pax Dollar Token Trading

It is usually not currently 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 GDAX, Gemini or Changelly. 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