Pax Dollar Tops 24 Hour Volume of $2.02 Million (USDP)

Pax Dollar (USDP) traded up 0% against the U.S. dollar during the 24 hour period ending at 10:00 AM E.T. on December 7th. Pax Dollar has a total market cap of $57.58 million and $2.02 million worth of Pax Dollar was traded on exchanges in the last day. During the last seven days, Pax Dollar has traded 0.3% higher against the U.S. dollar. One Pax Dollar token can now be bought for about $1.00 or 0.00001124 BTC on major cryptocurrency exchanges.

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

• IOTA (MIOTA) traded 0.3% higher against the dollar and now trades at $0.10 or 0.00000113 BTC.
• Creditcoin (CTC) traded down 4.8% against the dollar and now trades at $0.30 or 0.00000334 BTC.
• Electroneum (ETN) traded 4% higher against the dollar and now trades at $0.0015 or 0.00000002 BTC.
• Verasity (VRA) traded down 6.7% against the dollar and now trades at $0.0003 or 0.00000000 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded down 0.7% against the dollar and now trades at $0.0350 or 0.00000039 BTC.
• SOLVE (SOLVE) traded up 4.5% against the dollar and now trades at $0.0002 or 0.00000000 BTC.

Pax Dollar Profile

Pax Dollar uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 57,569,455 tokens. Pax Dollar’s official Twitter account is @paxos 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 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 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, Changelly or GDAX. 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