Pax Dollar (USDP) Hits Market Cap of $79.23 Million

Pax Dollar (USDP) traded 0% higher against the US dollar during the 24-hour period ending at 8:00 AM Eastern on March 10th. During the last week, Pax Dollar has traded down 0.1% against the US dollar. Pax Dollar has a market cap of $79.23 million and approximately $318,009.89 worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can now be purchased for approximately $1.00 or 0.00001200 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• IOTA (MIOTA) traded 2.1% higher against the dollar and now trades at $0.19 or 0.00000227 BTC.
• Creditcoin (CTC) traded down 2.3% against the dollar and now trades at $0.62 or 0.00000750 BTC.
• Electroneum (ETN) traded 6.2% lower against the dollar and now trades at $0.0019 or 0.00000002 BTC.
• Verasity (VRA) traded down 6.3% against the dollar and now trades at $0.0015 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 6% lower against the dollar and now trades at $0.0853 or 0.00000102 BTC.
• SOLVE (SOLVE) traded 8.5% higher against the dollar and now trades at $0.0015 or 0.00000002 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 79,232,665 tokens. Pax Dollar’s official message board 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 purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView