Pax Dollar (USDP) Achieves Market Cap of $105.25 Million

Pax Dollar (USDP) traded 0.1% lower against the US dollar during the one day period ending at 7:00 AM Eastern on September 21st. One Pax Dollar token can currently be purchased for approximately $1.00 or 0.00001589 BTC on cryptocurrency exchanges. During the last week, Pax Dollar has traded up 0.1% against the US dollar. Pax Dollar has a total market cap of $105.25 million and $5.42 million worth of Pax Dollar was traded on exchanges in the last 24 hours.

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

• IOTA (MIOTA) traded up 1.9% against the dollar and now trades at $0.14 or 0.00000221 BTC.
• Creditcoin (CTC) traded 0% higher against the dollar and now trades at $0.45 or 0.00000709 BTC.
• Verasity (VRA) traded down 2.7% against the dollar and now trades at $0.0038 or 0.00000006 BTC.
• Electroneum (ETN) traded 2.1% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Meter Governance (MTRG) traded 5.8% lower against the dollar and now trades at $0.43 or 0.00000680 BTC.
• The Transfer Token (TTT) traded 0.4% lower against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded down 2% against the dollar and now trades at $0.0099 or 0.00000016 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 105,079,505 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. 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.”

Pax Dollar Token Trading

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 Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView