Pax Dollar Achieves Market Cap of $148.36 Million (USDP)

Pax Dollar (USDP) traded 0.1% lower against the U.S. dollar during the 1 day period ending at 20:00 PM ET on April 28th. One Pax Dollar token can now be purchased for approximately $1.00 or 0.00001584 BTC on major cryptocurrency exchanges. Pax Dollar has a total market cap of $148.36 million and approximately $2.99 million worth of Pax Dollar was traded on exchanges in the last day. During the last seven days, Pax Dollar has traded down 0.3% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• IOTA (MIOTA) traded 3.3% lower against the dollar and now trades at $0.23 or 0.00000362 BTC.
• Creditcoin (CTC) traded 2% lower against the dollar and now trades at $0.66 or 0.00001045 BTC.
• Electroneum (ETN) traded down 1.9% against the dollar and now trades at $0.0038 or 0.00000006 BTC.
• Verasity (VRA) traded 3.3% lower against the dollar and now trades at $0.0057 or 0.00000009 BTC.
• Meter Governance (MTRG) traded up 5.6% against the dollar and now trades at $1.48 or 0.00002344 BTC.
• The Transfer Token (TTT) traded 0.8% lower against the dollar and now trades at $0.0080 or 0.00000013 BTC.
• SOLVE (SOLVE) traded up 0.4% against the dollar and now trades at $0.0205 or 0.00000032 BTC.

Pax Dollar Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 148,253,495 tokens. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. Pax Dollar’s official message board is medium.com/@paxosstandard. The official website for Pax Dollar 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.”

Buying and Selling Pax Dollar

It is usually not currently possible to purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to trade Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. 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