Pax Dollar (USDP) Price Down 1% This Week

Pax Dollar (USDP) traded 0.1% higher against the US dollar during the 1 day period ending at 21:00 PM ET on April 19th. One Pax Dollar token can now be bought for approximately $1.00 or 0.00001576 BTC on major cryptocurrency exchanges. Pax Dollar has a total market capitalization of $134.91 million and $1.97 million worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last week, Pax Dollar has traded 1% lower against the US dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• IOTA (MIOTA) traded 6.7% higher against the dollar and now trades at $0.23 or 0.00000357 BTC.
• Creditcoin (CTC) traded 1.8% higher against the dollar and now trades at $0.73 or 0.00001150 BTC.
• Electroneum (ETN) traded 11.8% lower against the dollar and now trades at $0.0049 or 0.00000008 BTC.
• Verasity (VRA) traded 7.2% higher against the dollar and now trades at $0.0059 or 0.00000009 BTC.
• Meter Governance (MTRG) traded up 4% against the dollar and now trades at $1.46 or 0.00002291 BTC.
• The Transfer Token (TTT) traded up 0.3% against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded up 2% against the dollar and now trades at $0.0205 or 0.00000032 BTC.

Pax Dollar Profile

Pax Dollar uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 134,748,540 tokens. The official message board for Pax Dollar is medium.com/@paxosstandard. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. Pax Dollar’s official website is www.paxos.com/usdp.

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 U.S. dollars. Investors seeking to acquire Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, 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