Pax Dollar Reaches Market Cap of $145.80 Million (USDP)

Pax Dollar (USDP) traded 0% higher against the dollar during the 24-hour period ending at 10:00 AM ET on May 23rd. One Pax Dollar token can now be purchased for about $1.00 or 0.00001474 BTC on cryptocurrency exchanges. In the last seven days, Pax Dollar has traded 0% higher against the dollar. Pax Dollar has a total market capitalization of $145.80 million and approximately $4.91 million worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded 1.6% lower against the dollar and now trades at $0.22 or 0.00000330 BTC.
• Creditcoin (CTC) traded 3% lower against the dollar and now trades at $0.70 or 0.00001038 BTC.
• Electroneum (ETN) traded down 9.1% against the dollar and now trades at $0.0029 or 0.00000004 BTC.
• Verasity (VRA) traded down 5.2% against the dollar and now trades at $0.0052 or 0.00000008 BTC.
• Meter Governance (MTRG) traded 2.9% lower against the dollar and now trades at $1.15 or 0.00001696 BTC.
• The Transfer Token (TTT) traded 0.5% lower against the dollar and now trades at $0.0117 or 0.00000017 BTC.
• SOLVE (SOLVE) traded 2.8% lower against the dollar and now trades at $0.0180 or 0.00000027 BTC.

Pax Dollar Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 145,732,289 tokens. The official website for Pax Dollar 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.”

Buying and Selling Pax Dollar

It is usually not presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. 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