Pax Dollar Hits Market Cap of $143.32 Million (USDP)

Pax Dollar (USDP) traded down 0% against the dollar during the 24-hour period ending at 17:00 PM Eastern on May 7th. Pax Dollar has a total market cap of $143.32 million and $3.67 million worth of Pax Dollar was traded on exchanges in the last 24 hours. During the last week, Pax Dollar has traded up 0.1% against the dollar. One Pax Dollar token can currently be purchased for approximately $1.00 or 0.00001588 BTC on major exchanges.

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

• IOTA (MIOTA) traded down 2.8% against the dollar and now trades at $0.22 or 0.00000356 BTC.
• Creditcoin (CTC) traded up 0.2% against the dollar and now trades at $0.72 or 0.00001141 BTC.
• Electroneum (ETN) traded 1.4% higher against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• Verasity (VRA) traded down 2.8% against the dollar and now trades at $0.0058 or 0.00000009 BTC.
• Meter Governance (MTRG) traded down 2.3% against the dollar and now trades at $1.39 or 0.00002214 BTC.
• SOLVE (SOLVE) traded 1.2% higher against the dollar and now trades at $0.0194 or 0.00000031 BTC.
• The Transfer Token (TTT) traded 34.6% lower against the dollar and now trades at $0.0046 or 0.00000007 BTC.

About Pax Dollar

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 143,253,496 tokens. The official message board for Pax Dollar is medium.com/@paxosstandard. The official website for Pax Dollar 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 presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly 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