Pax Dollar Hits Market Capitalization of $945.69 Million (USDP)

Pax Dollar (CURRENCY:USDP) traded flat against the US dollar during the one day period ending at 8:00 AM Eastern on January 15th. Pax Dollar has a market cap of $945.69 million and $14.97 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar coin can currently be purchased for $1.00 or 0.00001644 BTC on major exchanges. In the last seven days, Pax Dollar has traded flat against the US dollar.

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

  • Arweave (AR) traded up 0.4% against the dollar and now trades at $49.95 or 0.00116329 BTC.
  • The Transfer Token (TTT) traded 1.9% higher against the dollar and now trades at $6.49 or 0.00015111 BTC.
  • Carry (CRE) traded up 4.1% against the dollar and now trades at $0.0087 or 0.00000020 BTC.
  • SOLVE (SOLVE) traded 3.7% higher against the dollar and now trades at $0.12 or 0.00000278 BTC.
  • Project Pai (PAI) traded up 3.7% against the dollar and now trades at $0.0039 or 0.00000009 BTC.
  • HoryouToken (HYT) traded flat against the dollar and now trades at $0.0052 or 0.00000013 BTC.
  • Ripio Credit Network (RCN) traded 3.6% higher against the dollar and now trades at $0.0102 or 0.00000024 BTC.
  • HitChain (HIT) traded 2.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • My Master War (MAT) traded 3.9% lower against the dollar and now trades at $0.38 or 0.00000875 BTC.
  • HalalChain (HLC) traded flat against the dollar and now trades at $0.0074 or 0.00000018 BTC.

Pax Dollar Profile

Pax Dollar is a proof-of-work (PoW) coin that uses the ETH Token hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 945,642,940 coins. Pax Dollar’s official Twitter account is @coingecko and its Facebook page is accessible here.

According to CryptoCompare, “Paxos Standard (PAX) 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 PAX 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”

Pax Dollar Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the aforementioned exchanges.

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