Pax Dollar (USDP) Reaches Market Cap of $139.95 Million

Pax Dollar (USDP) traded up 0.1% against the U.S. dollar during the 24 hour period ending at 0:00 AM E.T. on April 15th. One Pax Dollar token can now be purchased for about $1.00 or 0.00001611 BTC on popular cryptocurrency exchanges. Pax Dollar has a market cap of $139.95 million and approximately $1.72 million worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last week, Pax Dollar has traded up 0.2% against the U.S. dollar.

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

• IOTA (MIOTA) traded 6.3% lower against the dollar and now trades at $0.21 or 0.00000345 BTC.
• Creditcoin (CTC) traded down 14% against the dollar and now trades at $0.65 or 0.00001050 BTC.
• Electroneum (ETN) traded down 0.1% against the dollar and now trades at $0.0055 or 0.00000009 BTC.
• Verasity (VRA) traded 8.1% lower against the dollar and now trades at $0.0053 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 5.3% lower against the dollar and now trades at $1.42 or 0.00002280 BTC.
• The Transfer Token (TTT) traded up 0.2% against the dollar and now trades at $0.0081 or 0.00000012 BTC.
• SOLVE (SOLVE) traded down 3.8% against the dollar and now trades at $0.0200 or 0.00000032 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 139,745,787 tokens. 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. Pax Dollar’s official message board 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.”

Pax Dollar Token Trading

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView