Pax Dollar Trading 0.9% Higher This Week (USDP)

Pax Dollar (USDP) traded 12.4% lower against the dollar during the twenty-four hour period ending at 12:00 PM Eastern on April 17th. Pax Dollar has a total market capitalization of $140.89 million and $19.71 million worth of Pax Dollar was traded on exchanges in the last day. One Pax Dollar token can now be bought for about $1.01 or 0.00001663 BTC on major exchanges. During the last week, Pax Dollar has traded up 0.9% against the dollar.

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

• IOTA (MIOTA) traded up 1% against the dollar and now trades at $0.21 or 0.00000352 BTC.
• Creditcoin (CTC) traded down 5% against the dollar and now trades at $0.62 or 0.00001030 BTC.
• Electroneum (ETN) traded down 1.4% against the dollar and now trades at $0.0048 or 0.00000008 BTC.
• Verasity (VRA) traded 1.7% higher against the dollar and now trades at $0.0054 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 1.5% higher against the dollar and now trades at $1.43 or 0.00002354 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded down 2.3% against the dollar and now trades at $0.0196 or 0.00000032 BTC.

Pax Dollar Token Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 139,745,787 tokens. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. The official website for Pax Dollar is www.paxos.com/usdp. Pax Dollar’s official message board is medium.com/@paxosstandard.

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

USDP/USD price chart by TradingView

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