Pax Dollar (USDP) Market Cap Tops $108.27 Million

Pax Dollar (USDP) traded 0% higher against the US dollar during the 1-day period ending at 23:00 PM E.T. on October 2nd. Pax Dollar has a market cap of $108.27 million and $4.04 million worth of Pax Dollar was traded on exchanges in the last 24 hours. During the last week, Pax Dollar has traded 0.1% higher against the US dollar. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001636 BTC on exchanges.

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

• IOTA (MIOTA) traded down 3.8% against the dollar and now trades at $0.12 or 0.00000195 BTC.
• Creditcoin (CTC) traded 2.4% lower against the dollar and now trades at $0.41 or 0.00000669 BTC.
• Electroneum (ETN) traded up 1.8% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Verasity (VRA) traded 7.2% lower against the dollar and now trades at $0.0030 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 4.3% against the dollar and now trades at $0.46 or 0.00000751 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 2.5% against the dollar and now trades at $0.0090 or 0.00000015 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 108,124,174 tokens. 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. Pax Dollar’s official message board is medium.com/@paxosstandard.

According to CryptoCompare, “Pax Dollar (USDP) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology. Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable. Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.Why Use Paxos Standard:Hold digital assets in USDP to limit exposure to volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently”

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 trade Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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