Pax Dollar Trading Up 0.1% Over Last Week (USDP)

Pax Dollar (USDP) traded 0% lower against the dollar during the twenty-four hour period ending at 10:00 AM Eastern on November 5th. In the last week, Pax Dollar has traded up 0.1% against the dollar. One Pax Dollar token can now be bought for approximately $1.00 or 0.00000969 BTC on major cryptocurrency exchanges. Pax Dollar has a total market cap of $57.70 million and approximately $5.36 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 0.2% lower against the dollar and now trades at $0.13 or 0.00000125 BTC.
• Creditcoin (CTC) traded down 5.1% against the dollar and now trades at $0.40 or 0.00000389 BTC.
• Verasity (VRA) traded 3.1% lower against the dollar and now trades at $0.0006 or 0.00000001 BTC.
• Electroneum (ETN) traded 5% lower against the dollar and now trades at $0.0017 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded 4.6% lower against the dollar and now trades at $0.0795 or 0.00000077 BTC.
• SOLVE (SOLVE) traded 17.2% higher against the dollar and now trades at $0.0002 or 0.00000000 BTC.

Pax Dollar Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 57,711,456 tokens. The official message board for Pax Dollar is medium.com/@paxosstandard. Pax Dollar’s official Twitter account is @paxos and its Facebook page is accessible here. Pax Dollar’s official website is www.paxos.com/usdp.

According to CryptoCompare, “Pax Dollar (USDP) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology. Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable. Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.Why Use Paxos Standard:Hold digital assets in USDP to limit exposure to volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently”

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 acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView