Pax Dollar 24 Hour Trading Volume Reaches $5.91 Million (USDP)

Pax Dollar (USDP) traded 0.1% lower against the U.S. dollar during the 24 hour period ending at 7:00 AM Eastern on May 9th. One Pax Dollar token can now be purchased for approximately $1.00 or 0.00001641 BTC on exchanges. Over the last seven days, Pax Dollar has traded 0.2% lower against the U.S. dollar. Pax Dollar has a market cap of $143.26 million and $5.91 million worth of Pax Dollar was traded on exchanges in the last day.

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

• IOTA (MIOTA) traded up 0.8% against the dollar and now trades at $0.22 or 0.00000356 BTC.
• Creditcoin (CTC) traded 2.4% lower against the dollar and now trades at $0.71 or 0.00001161 BTC.
• Electroneum (ETN) traded down 2.5% against the dollar and now trades at $0.0033 or 0.00000005 BTC.
• Verasity (VRA) traded down 3.4% against the dollar and now trades at $0.0052 or 0.00000008 BTC.
• Meter Governance (MTRG) traded down 0.8% against the dollar and now trades at $1.37 or 0.00002249 BTC.
• SOLVE (SOLVE) traded 1% lower against the dollar and now trades at $0.0192 or 0.00000031 BTC.
• The Transfer Token (TTT) traded 9.6% higher against the dollar and now trades at $0.0050 or 0.00000008 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 143,253,496 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 presently 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 GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView