Pax Dollar (USDP) Trading Down 0.3% Over Last Week

Pax Dollar (USDP) traded 0% lower against the U.S. dollar during the 24-hour period ending at 0:00 AM E.T. on April 29th. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001571 BTC on exchanges. Pax Dollar has a market capitalization of $148.23 million and $2.39 million worth of Pax Dollar was traded on exchanges in the last day. Over the last week, Pax Dollar has traded down 0.3% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded 0.8% lower against the dollar and now trades at $0.22 or 0.00000351 BTC.
• Creditcoin (CTC) traded up 5.7% against the dollar and now trades at $0.68 or 0.00001071 BTC.
• Electroneum (ETN) traded down 6.2% against the dollar and now trades at $0.0036 or 0.00000006 BTC.
• Verasity (VRA) traded up 2% against the dollar and now trades at $0.0057 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 1.1% higher against the dollar and now trades at $1.47 or 0.00002313 BTC.
• The Transfer Token (TTT) traded up 115.1% against the dollar and now trades at $0.0080 or 0.00000013 BTC.
• SOLVE (SOLVE) traded down 3.7% against the dollar and now trades at $0.0195 or 0.00000031 BTC.

Pax Dollar Profile

Pax Dollar uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 148,253,495 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. 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.

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 acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView