Pax Dollar (USDP) Hits Market Capitalization of $111.23 Million

Pax Dollar (USDP) traded 0.1% higher against the US dollar during the one day period ending at 14:00 PM ET on August 9th. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001660 BTC on popular cryptocurrency exchanges. In the last week, Pax Dollar has traded 0.2% higher against the US dollar. Pax Dollar has a total market capitalization of $111.23 million and approximately $1.99 million worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded up 0.1% against the dollar and now trades at $0.13 or 0.00000222 BTC.
• Creditcoin (CTC) traded up 4.1% against the dollar and now trades at $0.43 or 0.00000719 BTC.
• Electroneum (ETN) traded 0.5% lower against the dollar and now trades at $0.0021 or 0.00000004 BTC.
• Verasity (VRA) traded down 0.8% against the dollar and now trades at $0.0027 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 0.6% higher against the dollar and now trades at $0.48 or 0.00000791 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded up 20.5% against the dollar and now trades at $0.0111 or 0.00000018 BTC.

About Pax Dollar

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 110,881,559 tokens. The official message board for Pax Dollar is medium.com/@paxosstandard. Pax Dollar’s official website is www.paxos.com/usdp. 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.”

Pax Dollar Token Trading

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