Pax Dollar (USDP) One Day Volume Hits $1.74 Million

Pax Dollar (USDP) traded up 0.1% against the US dollar during the 1 day period ending at 11:00 AM Eastern on February 1st. Pax Dollar has a market capitalization of $47.56 million and approximately $1.74 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can currently be bought for approximately $1.00 or 0.00001291 BTC on popular cryptocurrency exchanges. In the last seven days, Pax Dollar has traded up 0.1% against the US dollar.

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

• IOTA (MIOTA) traded up 0.1% against the dollar and now trades at $0.0722 or 0.00000093 BTC.
• Creditcoin (CTC) traded down 3.9% against the dollar and now trades at $0.19 or 0.00000246 BTC.
• Electroneum (ETN) traded down 3.1% against the dollar and now trades at $0.0012 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.
• Verasity (VRA) traded up 13.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Meter Governance (MTRG) traded down 3% against the dollar and now trades at $0.0304 or 0.00000039 BTC.
• SOLVE (SOLVE) traded down 1.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 47,569,455 tokens. Pax Dollar’s official website is www.paxos.com/usdp. Pax Dollar’s official message board is medium.com/@paxosstandard. Pax Dollar’s official Twitter account is @paxos and its Facebook page is accessible here.

According to CryptoCompare, “Pax Dollar (USDP) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology. Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable. Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.Why Use Paxos Standard:Hold digital assets in USDP to limit exposure to volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently”

Pax Dollar Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView