Pax Dollar Market Cap Reaches $148.42 Million (USDP)

Pax Dollar (USDP) traded 0.2% lower against the U.S. dollar during the twenty-four hour period ending at 19:00 PM ET on May 4th. Over the last week, Pax Dollar has traded 0.1% lower against the U.S. dollar. One Pax Dollar token can now be bought for about $1.00 or 0.00001571 BTC on major cryptocurrency exchanges. Pax Dollar has a market capitalization of $148.42 million and approximately $1.84 million worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded up 0.1% against the dollar and now trades at $0.23 or 0.00000357 BTC.
• Creditcoin (CTC) traded 4.2% higher against the dollar and now trades at $0.69 or 0.00001090 BTC.
• Electroneum (ETN) traded 4.9% lower against the dollar and now trades at $0.0038 or 0.00000006 BTC.
• Verasity (VRA) traded 1.6% higher against the dollar and now trades at $0.0059 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 1.7% higher against the dollar and now trades at $1.43 or 0.00002242 BTC.
• SOLVE (SOLVE) traded 1.6% higher against the dollar and now trades at $0.0195 or 0.00000031 BTC.
• The Transfer Token (TTT) traded down 34.6% against the dollar and now trades at $0.0046 or 0.00000007 BTC.

Pax Dollar Token Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 148,253,495 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. 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 purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView