Pax Dollar Market Capitalization Reaches $139.01 Million (USDP)

Pax Dollar (USDP) traded down 0.9% against the US dollar during the 24-hour period ending at 12:00 PM Eastern on April 27th. One Pax Dollar token can now be purchased for $1.00 or 0.00001594 BTC on popular exchanges. In the last seven days, Pax Dollar has traded down 0.1% against the US dollar. Pax Dollar has a total market capitalization of $139.01 million and $7.66 million worth of Pax Dollar was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

• IOTA (MIOTA) traded down 2.2% against the dollar and now trades at $0.23 or 0.00000363 BTC.
• Creditcoin (CTC) traded 0.9% lower against the dollar and now trades at $0.69 or 0.00001102 BTC.
• Electroneum (ETN) traded down 3.9% against the dollar and now trades at $0.0039 or 0.00000006 BTC.
• Verasity (VRA) traded down 3.1% against the dollar and now trades at $0.0057 or 0.00000009 BTC.
• Meter Governance (MTRG) traded down 0.9% against the dollar and now trades at $1.38 or 0.00002196 BTC.
• The Transfer Token (TTT) traded up 67.7% against the dollar and now trades at $0.0080 or 0.00000013 BTC.
• SOLVE (SOLVE) traded down 0.3% against the dollar and now trades at $0.0202 or 0.00000032 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 138,777,747 tokens. The official website for Pax Dollar is www.paxos.com/usdp. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. 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 Ethereum or Bitcoin using an exchange that deals in US 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