Pax Dollar (USDP) Trading Up 0.1% This Week

Pax Dollar (USDP) traded up 0.1% against the US dollar during the 24-hour period ending at 14:00 PM Eastern on November 5th. Pax Dollar has a market capitalization of $110.20 million and $2.36 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can now be bought for $1.00 or 0.00001432 BTC on popular cryptocurrency exchanges. Over the last week, Pax Dollar has traded 0.1% higher against the US dollar.

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

• IOTA (MIOTA) traded up 4% against the dollar and now trades at $0.11 or 0.00000155 BTC.
• Creditcoin (CTC) traded 1.4% higher against the dollar and now trades at $0.37 or 0.00000533 BTC.
• Electroneum (ETN) traded 2.3% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded up 12% against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• Meter Governance (MTRG) traded up 10.5% against the dollar and now trades at $0.26 or 0.00000373 BTC.
• SOLVE (SOLVE) traded 0.8% higher against the dollar and now trades at $0.0071 or 0.00000010 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 110,099,031 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. 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.

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView