Pax Dollar Reaches Market Capitalization of $134.91 Million (USDP)

Pax Dollar (USDP) traded up 0.1% against the U.S. dollar during the 24 hour period ending at 21:00 PM E.T. on April 19th. Pax Dollar has a market capitalization of $134.91 million and approximately $1.97 million worth of Pax Dollar was traded on exchanges in the last day. In the last seven days, Pax Dollar has traded 1% lower against the U.S. dollar. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001576 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last day:

• IOTA (MIOTA) traded 6.7% higher against the dollar and now trades at $0.23 or 0.00000357 BTC.
• Creditcoin (CTC) traded 1.8% higher against the dollar and now trades at $0.73 or 0.00001150 BTC.
• Electroneum (ETN) traded down 11.8% against the dollar and now trades at $0.0049 or 0.00000008 BTC.
• Verasity (VRA) traded up 7.2% against the dollar and now trades at $0.0059 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 4% higher against the dollar and now trades at $1.46 or 0.00002291 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 2% higher against the dollar and now trades at $0.0205 or 0.00000032 BTC.

About Pax Dollar

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 134,748,540 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 presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView