Pax Dollar Achieves Market Capitalization of $453.37 Million (USDP)

Pax Dollar (USDP) traded up 0.1% against the US dollar during the 24-hour period ending at 0:00 AM Eastern on November 20th. In the last seven days, Pax Dollar has traded up 0.5% against the US dollar. One Pax Dollar token can currently be purchased for about $1.00 or 0.00002683 BTC on major exchanges. Pax Dollar has a market cap of $453.37 million and approximately $3.09 million worth of Pax Dollar was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed in the last day:

• IOTA (MIOTA) traded 0.8% higher against the dollar and now trades at $0.19 or 0.00000497 BTC.
• Verasity (VRA) traded down 4% against the dollar and now trades at $0.0074 or 0.00000020 BTC.
• Creditcoin (CTC) traded 7.7% higher against the dollar and now trades at $0.20 or 0.00000523 BTC.
• Meter Governance (MTRG) traded 4.3% lower against the dollar and now trades at $2.44 or 0.00006535 BTC.
• Electroneum (ETN) traded up 4.7% against the dollar and now trades at $0.0018 or 0.00000005 BTC.
• SOLVE (SOLVE) traded 1.6% lower against the dollar and now trades at $0.0227 or 0.00000061 BTC.
• The Transfer Token (TTT) traded 0.1% higher against the dollar and now trades at $0.0025 or 0.00000007 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 451,921,527 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 presently 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 GDAX, Coinbase or Changelly. 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