Pax Dollar (USDP) Hits Market Cap of $93.49 Million

Pax Dollar (USDP) traded 0% higher against the dollar during the twenty-four hour period ending at 7:00 AM Eastern on December 20th. One Pax Dollar token can now be bought for approximately $1.00 or 0.00001076 BTC on major cryptocurrency exchanges. Pax Dollar has a total market cap of $93.49 million and approximately $1.89 million worth of Pax Dollar was traded on exchanges in the last day. In the last week, Pax Dollar has traded down 0% against the dollar.

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

• IOTA (MIOTA) traded 23.7% lower against the dollar and now trades at $0.26 or 0.00000277 BTC.
• Creditcoin (CTC) traded down 16.3% against the dollar and now trades at $1.09 or 0.00001176 BTC.
• Electroneum (ETN) traded 3.8% higher against the dollar and now trades at $0.0029 or 0.00000003 BTC.
• Verasity (VRA) traded 18.8% lower against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 10.7% against the dollar and now trades at $0.58 or 0.00000629 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• SOLVE (SOLVE) traded 21.6% lower against the dollar and now trades at $0.0055 or 0.00000006 BTC.

Pax Dollar Profile

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 93,477,695 tokens. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. The official message board for Pax Dollar is medium.com/@paxosstandard. 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.”

Buying and Selling Pax Dollar

It is usually not presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView