Pax Dollar (USDP) Market Capitalization Achieves $73.22 Million

Pax Dollar (USDP) traded up 0.1% against the U.S. dollar during the one day period ending at 10:00 AM E.T. on June 2nd. One Pax Dollar token can currently be purchased for about $1.00 or 0.00000963 BTC on popular exchanges. Pax Dollar has a market cap of $73.22 million and approximately $812,019.87 worth of Pax Dollar was traded on exchanges in the last day. In the last week, Pax Dollar has traded down 0% against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• IOTA (MIOTA) traded 1.4% higher against the dollar and now trades at $0.18 or 0.00000176 BTC.
• Creditcoin (CTC) traded 4% higher against the dollar and now trades at $0.63 or 0.00000606 BTC.
• Electroneum (ETN) traded down 2.3% against the dollar and now trades at $0.0015 or 0.00000001 BTC.
• Verasity (VRA) traded up 2.1% against the dollar and now trades at $0.0015 or 0.00000001 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 2.6% higher against the dollar and now trades at $0.10 or 0.00000097 BTC.
• SOLVE (SOLVE) traded 2.1% higher against the dollar and now trades at $0.0005 or 0.00000000 BTC.

Pax Dollar Token Profile

Pax Dollar uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 73,223,449 tokens. The official website for Pax Dollar is www.paxos.com/usdp. 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.

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 currently possible to buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView