Pax Dollar Trading 0.4% Lower This Week (USDP)

Pax Dollar (USDP) traded 0.2% lower against the US dollar during the 1-day period ending at 15:00 PM Eastern on April 28th. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001568 BTC on popular exchanges. Pax Dollar has a market cap of $148.31 million and approximately $3.40 million worth of Pax Dollar was traded on exchanges in the last day. Over the last seven days, Pax Dollar has traded down 0.4% against the US dollar.

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

• IOTA (MIOTA) traded up 0.9% against the dollar and now trades at $0.24 or 0.00000369 BTC.
• Creditcoin (CTC) traded down 0.9% against the dollar and now trades at $0.68 or 0.00001060 BTC.
• Electroneum (ETN) traded 1.1% lower against the dollar and now trades at $0.0038 or 0.00000006 BTC.
• Verasity (VRA) traded up 1.4% against the dollar and now trades at $0.0059 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 8.7% higher against the dollar and now trades at $1.51 or 0.00002366 BTC.
• The Transfer Token (TTT) traded 0.9% lower against the dollar and now trades at $0.0080 or 0.00000013 BTC.
• SOLVE (SOLVE) traded 0.9% higher against the dollar and now trades at $0.0205 or 0.00000032 BTC.

About Pax Dollar

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 148,253,495 tokens. The official message board for Pax Dollar 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.”

Buying and Selling Pax Dollar

It is usually not currently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView