Pax Dollar Trading Up 0.1% This Week (USDP)

Pax Dollar (USDP) traded 0% lower against the US dollar during the one day period ending at 9:00 AM E.T. on November 6th. One Pax Dollar token can now be purchased for about $1.00 or 0.00001352 BTC on major exchanges. Pax Dollar has a total market cap of $110.21 million and $3.56 million worth of Pax Dollar was traded on exchanges in the last 24 hours. During the last seven days, Pax Dollar has traded up 0.1% against the US dollar.

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

• IOTA (MIOTA) traded 7.8% higher against the dollar and now trades at $0.11 or 0.00000155 BTC.
• Creditcoin (CTC) traded up 3.2% against the dollar and now trades at $0.38 or 0.00000517 BTC.
• Electroneum (ETN) traded 3.4% higher against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded 17.4% higher against the dollar and now trades at $0.0031 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 9.7% against the dollar and now trades at $0.27 or 0.00000369 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 4.4% higher against the dollar and now trades at $0.0073 or 0.00000010 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 110,099,031 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 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 Coinbase, GDAX or Gemini. 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