Pax Dollar Market Cap Reaches $111.08 Million (USDP)

Pax Dollar (USDP) traded 0% lower against the dollar during the 1-day period ending at 21:00 PM E.T. on August 10th. One Pax Dollar token can currently be purchased for $1.00 or 0.00001642 BTC on cryptocurrency exchanges. Pax Dollar has a total market cap of $111.08 million and $3.21 million worth of Pax Dollar was traded on exchanges in the last day. Over the last seven days, Pax Dollar has traded up 0.1% against the dollar.

Here’s how other cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded up 1.5% against the dollar and now trades at $0.14 or 0.00000224 BTC.
• Creditcoin (CTC) traded down 1.7% against the dollar and now trades at $0.44 or 0.00000717 BTC.
• Electroneum (ETN) traded down 3.2% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded down 2.8% against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 13% higher against the dollar and now trades at $0.54 or 0.00000881 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 5% lower against the dollar and now trades at $0.0106 or 0.00000017 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 110,881,559 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. 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 possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView