Pax Dollar Hits One Day Trading Volume of $3.14 Million (USDP)

Pax Dollar (USDP) traded 0% higher against the US dollar during the 1-day period ending at 7:00 AM ET on February 6th. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001015 BTC on exchanges. In the last week, Pax Dollar has traded 0.1% higher against the US dollar. Pax Dollar has a total market cap of $81.41 million and approximately $3.14 million worth of Pax Dollar was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• IOTA (MIOTA) traded down 5.3% against the dollar and now trades at $0.22 or 0.00000223 BTC.
• Creditcoin (CTC) traded down 3.5% against the dollar and now trades at $0.89 or 0.00000900 BTC.
• Electroneum (ETN) traded 1.5% lower against the dollar and now trades at $0.0024 or 0.00000002 BTC.
• Verasity (VRA) traded 4.1% lower against the dollar and now trades at $0.0024 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 0.5% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 9.9% higher against the dollar and now trades at $0.12 or 0.00000124 BTC.
• SOLVE (SOLVE) traded up 3.8% against the dollar and now trades at $0.0020 or 0.00000002 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. It launched on September 10th, 2018. Pax Dollar’s total supply is 81,348,478 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. The official website for Pax Dollar 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 purchase alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to trade Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. 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