Pax Dollar (USDP) Reaches Market Cap of $135.02 Million

Pax Dollar (USDP) traded up 0.1% against the U.S. dollar during the 24-hour period ending at 7:00 AM Eastern on April 19th. During the last week, Pax Dollar has traded 0.2% lower against the U.S. dollar. Pax Dollar has a total market cap of $135.02 million and $2.75 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can currently be bought for approximately $1.00 or 0.00001542 BTC on cryptocurrency exchanges.

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

• IOTA (MIOTA) traded 3.1% higher against the dollar and now trades at $0.23 or 0.00000353 BTC.
• Creditcoin (CTC) traded 5.5% higher against the dollar and now trades at $0.74 or 0.00001146 BTC.
• Electroneum (ETN) traded 2% higher against the dollar and now trades at $0.0051 or 0.00000008 BTC.
• Verasity (VRA) traded up 9.3% against the dollar and now trades at $0.0062 or 0.00000009 BTC.
• Meter Governance (MTRG) traded up 1.4% against the dollar and now trades at $1.44 or 0.00002210 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded 4.8% higher against the dollar and now trades at $0.0209 or 0.00000032 BTC.

Pax Dollar Token Profile

Pax Dollar (USDP) uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 134,748,540 tokens. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. Pax Dollar’s official message board is medium.com/@paxosstandard. The official website for Pax Dollar is www.paxos.com/usdp.

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 presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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