Pax Dollar (USDP) Achieves Market Cap of $148.67 Million

Pax Dollar (USDP) traded 0.4% higher against the U.S. dollar during the 24 hour period ending at 13:00 PM Eastern on May 2nd. Pax Dollar has a total market capitalization of $148.67 million and approximately $2.05 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can now be purchased for about $1.00 or 0.00001697 BTC on major exchanges. In the last seven days, Pax Dollar has traded 0% lower against the U.S. dollar.

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

• IOTA (MIOTA) traded up 6% against the dollar and now trades at $0.22 or 0.00000372 BTC.
• Creditcoin (CTC) traded 1.7% higher against the dollar and now trades at $0.62 or 0.00001057 BTC.
• Electroneum (ETN) traded down 5.6% against the dollar and now trades at $0.0033 or 0.00000006 BTC.
• Verasity (VRA) traded up 6.3% against the dollar and now trades at $0.0054 or 0.00000009 BTC.
• Meter Governance (MTRG) traded down 0.7% against the dollar and now trades at $1.37 or 0.00002313 BTC.
• SOLVE (SOLVE) traded up 3.7% against the dollar and now trades at $0.0187 or 0.00000032 BTC.
• The Transfer Token (TTT) traded 34.9% lower against the dollar and now trades at $0.0046 or 0.00000008 BTC.

About Pax Dollar

Pax Dollar uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 148,253,495 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. 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.

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 currently 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 Gemini, Coinbase or GDAX. 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