Pax Dollar (USDP) 24-Hour Volume Reaches $4.03 Million

Pax Dollar (USDP) traded 0% higher against the US dollar during the 1-day period ending at 20:00 PM E.T. on July 30th. One Pax Dollar token can now be bought for about $1.00 or 0.00001512 BTC on major cryptocurrency exchanges. Pax Dollar has a total market cap of $114.51 million and approximately $4.03 million worth of Pax Dollar was traded on exchanges in the last day. During the last seven days, Pax Dollar has traded 0.1% higher against the US dollar.

Here is how other cryptocurrencies have performed during the last day:

• IOTA (MIOTA) traded 3.2% lower against the dollar and now trades at $0.16 or 0.00000235 BTC.
• Creditcoin (CTC) traded 2% lower against the dollar and now trades at $0.48 or 0.00000733 BTC.
• Electroneum (ETN) traded 3.2% lower against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Verasity (VRA) traded 1.9% lower against the dollar and now trades at $0.0034 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 2.6% higher against the dollar and now trades at $0.67 or 0.00001013 BTC.
• The Transfer Token (TTT) traded 0% higher against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• SOLVE (SOLVE) traded 39.4% higher against the dollar and now trades at $0.0154 or 0.00000023 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 114,399,806 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 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 GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView