Pax Dollar (USDP) Market Cap Hits $134.79 Million

Pax Dollar (USDP) traded 0.3% lower against the U.S. dollar during the 1-day period ending at 20:00 PM Eastern on April 18th. Pax Dollar has a market capitalization of $134.79 million and approximately $2.60 million worth of Pax Dollar was traded on exchanges in the last day. During the last seven days, Pax Dollar has traded up 0% against the U.S. dollar. One Pax Dollar token can currently be purchased for approximately $1.00 or 0.00001585 BTC on major exchanges.

Here’s how related cryptocurrencies have performed during the last day:

• IOTA (MIOTA) traded up 3.7% against the dollar and now trades at $0.22 or 0.00000349 BTC.
• Creditcoin (CTC) traded 17.7% higher against the dollar and now trades at $0.75 or 0.00001194 BTC.
• Electroneum (ETN) traded 18.7% higher against the dollar and now trades at $0.0056 or 0.00000009 BTC.
• Verasity (VRA) traded 8.6% higher against the dollar and now trades at $0.0058 or 0.00000009 BTC.
• Meter Governance (MTRG) traded down 3.3% against the dollar and now trades at $1.40 or 0.00002216 BTC.
• The Transfer Token (TTT) traded up 0.3% against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded up 2.3% against the dollar and now trades at $0.0203 or 0.00000032 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 134,748,540 tokens. 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. Pax Dollar’s official website is www.paxos.com/usdp.

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 possible to purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView