Pax Dollar One Day Volume Reaches $1.16 Million (USDP)

Pax Dollar (USDP) traded down 0% against the dollar during the 1-day period ending at 11:00 AM Eastern on November 13th. One Pax Dollar token can now be bought for approximately $1.00 or 0.00000970 BTC on major exchanges. Pax Dollar has a market cap of $57.65 million and $1.16 million worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last week, Pax Dollar has traded 0.1% lower against the dollar.

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

• IOTA (MIOTA) traded 1.9% lower against the dollar and now trades at $0.14 or 0.00000140 BTC.
• Creditcoin (CTC) traded down 2.9% against the dollar and now trades at $0.41 or 0.00000395 BTC.
• Verasity (VRA) traded down 8.2% against the dollar and now trades at $0.0005 or 0.00000001 BTC.
• Electroneum (ETN) traded 4.2% higher against the dollar and now trades at $0.0020 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded down 0.7% against the dollar and now trades at $0.0691 or 0.00000067 BTC.
• SOLVE (SOLVE) traded down 0.3% against the dollar and now trades at $0.0002 or 0.00000000 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 57,711,456 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 @paxos 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 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 Gemini, Changelly or GDAX. 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