Pax Dollar (USDP) Achieves Market Cap of $79.47 Million

Pax Dollar (USDP) traded down 0% against the dollar during the one day period ending at 7:00 AM ET on February 14th. During the last week, Pax Dollar has traded down 0% against the dollar. Pax Dollar has a market capitalization of $79.47 million and $930,723.08 worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can now be purchased for about $1.00 or 0.00001034 BTC on major exchanges.

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

• IOTA (MIOTA) traded up 1.5% against the dollar and now trades at $0.24 or 0.00000249 BTC.
• Creditcoin (CTC) traded up 1.6% against the dollar and now trades at $0.82 or 0.00000849 BTC.
• Electroneum (ETN) traded down 1.9% against the dollar and now trades at $0.0024 or 0.00000003 BTC.
• Verasity (VRA) traded 2.1% higher against the dollar and now trades at $0.0026 or 0.00000003 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 4.7% higher against the dollar and now trades at $0.10 or 0.00000104 BTC.
• SOLVE (SOLVE) traded up 47.1% against the dollar and now trades at $0.0025 or 0.00000003 BTC.

About Pax Dollar

Pax Dollar (CRYPTO:USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 79,459,921 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. The official message board for Pax Dollar is medium.com/@paxosstandard.

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 possible to buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to trade Pax Dollar should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView