Pax Dollar (USDP) Reaches Market Cap of $139.95 Million

Pax Dollar (USDP) traded up 0.1% against the US dollar during the twenty-four hour period ending at 0:00 AM ET on April 15th. One Pax Dollar token can currently be bought for $1.00 or 0.00001611 BTC on exchanges. Pax Dollar has a market cap of $139.95 million and approximately $1.72 million worth of Pax Dollar was traded on exchanges in the last day. Over the last seven days, Pax Dollar has traded up 0.2% against the US dollar.

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

• IOTA (MIOTA) traded 6.3% lower against the dollar and now trades at $0.21 or 0.00000345 BTC.
• Creditcoin (CTC) traded down 14% against the dollar and now trades at $0.65 or 0.00001050 BTC.
• Electroneum (ETN) traded down 0.1% against the dollar and now trades at $0.0055 or 0.00000009 BTC.
• Verasity (VRA) traded 8.1% lower against the dollar and now trades at $0.0053 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 5.3% lower against the dollar and now trades at $1.42 or 0.00002280 BTC.
• The Transfer Token (TTT) traded 0.2% higher against the dollar and now trades at $0.0081 or 0.00000012 BTC.
• SOLVE (SOLVE) traded down 3.8% against the dollar and now trades at $0.0200 or 0.00000032 BTC.

Pax Dollar Profile

Pax Dollar uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 139,745,787 tokens. The official website for Pax Dollar is www.paxos.com/usdp. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. The official message board for Pax Dollar is medium.com/@paxosstandard.

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