Pax Dollar (USDP) Market Cap Hits $80.08 Million

Pax Dollar (USDP) traded 0.1% higher against the U.S. dollar during the 1 day period ending at 7:00 AM Eastern on January 29th. Pax Dollar has a total market cap of $80.08 million and approximately $1.15 million worth of Pax Dollar was traded on exchanges in the last 24 hours. During the last seven days, Pax Dollar has traded 0.1% higher against the U.S. dollar. One Pax Dollar token can now be bought for about $1.00 or 0.00000975 BTC on exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• IOTA (MIOTA) traded down 3.1% against the dollar and now trades at $0.29 or 0.00000283 BTC.
• Creditcoin (CTC) traded 1.5% lower against the dollar and now trades at $0.96 or 0.00000936 BTC.
• Electroneum (ETN) traded 11% lower against the dollar and now trades at $0.0027 or 0.00000003 BTC.
• Verasity (VRA) traded up 8.5% against the dollar and now trades at $0.0034 or 0.00000003 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 9.5% against the dollar and now trades at $0.23 or 0.00000219 BTC.
• SOLVE (SOLVE) traded 6.1% lower against the dollar and now trades at $0.0024 or 0.00000002 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 80,002,990 tokens. 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. Pax Dollar’s official message board is medium.com/@paxosstandard.

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 currently possible to buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. 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