Pax Dollar Price Tops $0.99 on Major Exchanges (USDP)

Pax Dollar (USDP) traded 0.4% lower against the U.S. dollar during the 24 hour period ending at 22:00 PM ET on January 24th. One Pax Dollar token can currently be purchased for about $0.99 or 0.00004401 BTC on major cryptocurrency exchanges. Pax Dollar has a market capitalization of $873.18 million and approximately $1.59 million worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last week, Pax Dollar has traded down 1.2% against the U.S. dollar.

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

  • IOTA (MIOTA) traded 8.4% lower against the dollar and now trades at $0.22 or 0.00000958 BTC.
  • The Transfer Token (TTT) traded 4.3% lower against the dollar and now trades at $0.14 or 0.00000605 BTC.
  • Creditcoin (CTC) traded down 2.6% against the dollar and now trades at $0.54 or 0.00002411 BTC.
  • Verasity (VRA) traded 10% lower against the dollar and now trades at $0.0061 or 0.00000027 BTC.
  • Meter Governance (MTRG) traded 0.3% lower against the dollar and now trades at $2.77 or 0.00012269 BTC.
  • Electroneum (ETN) traded up 6.5% against the dollar and now trades at $0.0026 or 0.00000011 BTC.
  • SOLVE (SOLVE) traded down 6% against the dollar and now trades at $0.0266 or 0.00000118 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 878,084,065 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 stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology.¬†Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable. Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.Why Use Paxos Standard:Hold digital assets in USDP to limit exposure to volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently”

Buying and Selling Pax Dollar

It is usually not presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first buy Bitcoin or Ethereum using an exchange that deals in US 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.

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