Pax Dollar (USDP) Reaches 1-Day Trading Volume of $2.52 Million

Pax Dollar (USDP) traded down 0% against the dollar during the 1-day period ending at 12:00 PM E.T. on February 17th. Pax Dollar has a market cap of $47.53 million and approximately $2.52 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar token can currently be purchased for $1.00 or 0.00001475 BTC on major exchanges. During the last week, Pax Dollar has traded down 0.1% against the dollar.

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

• IOTA (MIOTA) traded 1.4% higher against the dollar and now trades at $0.0698 or 0.00000103 BTC.
• Creditcoin (CTC) traded down 2.4% against the dollar and now trades at $0.17 or 0.00000253 BTC.
• Electroneum (ETN) traded 0.3% lower against the dollar and now trades at $0.0010 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Verasity (VRA) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Meter Governance (MTRG) traded 2.4% higher against the dollar and now trades at $0.0241 or 0.00000036 BTC.
• SOLVE (SOLVE) traded up 6.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 47,569,453 tokens. Pax Dollar’s official Twitter account is @paxos and its Facebook page is accessible here. The official website for Pax Dollar is www.paxos.com/usdp. Pax Dollar’s official message board 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.”

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 Gemini, 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