Pax Dollar (USDP) Achieves Market Cap of $139.90 Million

Pax Dollar (USDP) traded down 0.1% against the US dollar during the 1 day period ending at 7:00 AM Eastern on April 17th. One Pax Dollar token can currently be purchased for $1.00 or 0.00001591 BTC on major exchanges. Pax Dollar has a total market capitalization of $139.90 million and approximately $19.44 million worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last seven days, Pax Dollar has traded up 0.1% against the US dollar.

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

• IOTA (MIOTA) traded down 0.8% against the dollar and now trades at $0.22 or 0.00000348 BTC.
• Creditcoin (CTC) traded 5.3% lower against the dollar and now trades at $0.64 or 0.00001010 BTC.
• Electroneum (ETN) traded down 2.3% against the dollar and now trades at $0.0050 or 0.00000008 BTC.
• Verasity (VRA) traded 1.1% lower against the dollar and now trades at $0.0054 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 0.6% higher against the dollar and now trades at $1.43 or 0.00002270 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded 2.2% higher against the dollar and now trades at $0.0204 or 0.00000032 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 139,745,787 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. 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.

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

USDP/USD price chart by TradingView