Pax Dollar 1-Day Trading Volume Hits $387,723.93 (USDP)

Pax Dollar (USDP) traded 0% lower against the dollar during the 1 day period ending at 20:00 PM ET on September 29th. One Pax Dollar token can currently be bought for about $1.00 or 0.00001527 BTC on major cryptocurrency exchanges. In the last week, Pax Dollar has traded 0.2% lower against the dollar. Pax Dollar has a market capitalization of $107.05 million and $387,723.93 worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded 0% higher against the dollar and now trades at $0.14 or 0.00000218 BTC.
• Creditcoin (CTC) traded 1.6% lower against the dollar and now trades at $0.46 or 0.00000702 BTC.
• Electroneum (ETN) traded 4% lower against the dollar and now trades at $0.0023 or 0.00000004 BTC.
• Verasity (VRA) traded down 3.7% against the dollar and now trades at $0.0036 or 0.00000006 BTC.
• Meter Governance (MTRG) traded up 0.1% against the dollar and now trades at $0.47 or 0.00000722 BTC.
• The Transfer Token (TTT) traded 0.4% lower against the dollar and now trades at $0.0050 or 0.00000008 BTC.
• SOLVE (SOLVE) traded down 4.9% against the dollar and now trades at $0.0098 or 0.00000015 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 107,079,501 tokens. Pax Dollar’s official website is www.paxos.com/usdp. 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.

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 US dollars. Investors seeking to trade Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView