Pax Dollar Reaches One Day Trading Volume of $5.33 Million (USDP)

Pax Dollar (USDP) traded up 0.1% against the US dollar during the 1-day period ending at 9:00 AM ET on May 13th. One Pax Dollar token can now be purchased for $1.00 or 0.00000964 BTC on popular cryptocurrency exchanges. Pax Dollar has a total market capitalization of $71.32 million and $5.33 million worth of Pax Dollar was traded on exchanges in the last 24 hours. Over the last seven days, Pax Dollar has traded 0% higher against the US dollar.

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

• IOTA (MIOTA) traded 6.6% lower against the dollar and now trades at $0.25 or 0.00000236 BTC.
• Creditcoin (CTC) traded 1.6% lower against the dollar and now trades at $0.74 or 0.00000710 BTC.
• Electroneum (ETN) traded 16.1% higher against the dollar and now trades at $0.0019 or 0.00000002 BTC.
• Verasity (VRA) traded 13.8% higher against the dollar and now trades at $0.0022 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.
• Meter Governance (MTRG) traded 4.4% lower against the dollar and now trades at $0.0909 or 0.00000088 BTC.
• SOLVE (SOLVE) traded up 25.9% against the dollar and now trades at $0.0005 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 71,319,225 tokens. The official message board for Pax Dollar 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 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”

Pax Dollar Token Trading

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

USDP/USD price chart by TradingView