Pax Dollar (USDP) Reaches Market Cap of $103.24 Million

Pax Dollar (USDP) traded 0% higher against the US dollar during the one day period ending at 9:00 AM Eastern on September 9th. One Pax Dollar token can now be purchased for about $1.00 or 0.00001805 BTC on exchanges. Pax Dollar has a total market capitalization of $103.24 million and approximately $3.50 million worth of Pax Dollar was traded on exchanges in the last day. In the last week, Pax Dollar has traded up 0.1% against the US dollar.

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

• IOTA (MIOTA) traded 2.7% higher against the dollar and now trades at $0.12 or 0.00000223 BTC.
• Creditcoin (CTC) traded up 9.6% against the dollar and now trades at $0.41 or 0.00000744 BTC.
• Electroneum (ETN) traded 7.6% lower against the dollar and now trades at $0.0017 or 0.00000003 BTC.
• Verasity (VRA) traded up 2.3% against the dollar and now trades at $0.0025 or 0.00000005 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• Meter Governance (MTRG) traded 1.4% higher against the dollar and now trades at $0.41 or 0.00000736 BTC.
• SOLVE (SOLVE) traded 1.3% higher against the dollar and now trades at $0.0103 or 0.00000019 BTC.

Pax Dollar Token Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 103,062,988 tokens. The official website for Pax Dollar is www.paxos.com/usdp. 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.

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 trade Pax Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the exchanges listed above.

USDP/USD price chart by TradingView