Pax Dollar Achieves Market Capitalization of $108.58 Million (USDP)

Pax Dollar (USDP) traded 0.1% higher against the US dollar during the 1 day period ending at 22:00 PM Eastern on August 21st. One Pax Dollar token can currently be bought for approximately $1.00 or 0.00001643 BTC on major cryptocurrency exchanges. Over the last week, Pax Dollar has traded 0% higher against the US dollar. Pax Dollar has a total market capitalization of $108.58 million and $1.23 million worth of Pax Dollar was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded 3% higher against the dollar and now trades at $0.14 or 0.00000226 BTC.
• Creditcoin (CTC) traded up 2.4% against the dollar and now trades at $0.43 or 0.00000704 BTC.
• Electroneum (ETN) traded down 0.7% against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded 5.4% higher against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 0.3% against the dollar and now trades at $0.51 or 0.00000845 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded down 0.9% against the dollar and now trades at $0.0107 or 0.00000018 BTC.

Pax Dollar Token Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 108,532,033 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 currently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView