Pax Dollar Trading 0% Higher This Week (USDP)

Pax Dollar (USDP) traded down 0% against the dollar during the 1-day period ending at 17:00 PM ET on October 3rd. Pax Dollar has a market cap of $108.70 million and $5.50 million worth of Pax Dollar was traded on exchanges in the last day. During the last week, Pax Dollar has traded 0% higher against the dollar. One Pax Dollar token can now be purchased for about $1.00 or 0.00001648 BTC on exchanges.

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

• IOTA (MIOTA) traded down 0.7% against the dollar and now trades at $0.12 or 0.00000193 BTC.
• Creditcoin (CTC) traded 2.4% lower against the dollar and now trades at $0.40 or 0.00000660 BTC.
• Electroneum (ETN) traded down 5.3% against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• Verasity (VRA) traded 5.2% lower against the dollar and now trades at $0.0028 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 4% lower against the dollar and now trades at $0.45 or 0.00000740 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 0.5% lower against the dollar and now trades at $0.0090 or 0.00000015 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 108,619,195 tokens. 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. 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.”

Buying and Selling Pax Dollar

It is usually not currently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to trade Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in US 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 aforementioned exchanges.

USDP/USD price chart by TradingView