Pax Dollar (USDP) Trading 0% Lower Over Last Week

Pax Dollar (USDP) traded 0% higher against the US dollar during the 24-hour period ending at 7:00 AM E.T. on January 13th. One Pax Dollar token can currently be purchased for $1.00 or 0.00001100 BTC on popular cryptocurrency exchanges. During the last week, Pax Dollar has traded 0% lower against the US dollar. Pax Dollar has a total market cap of $93.57 million and approximately $1.76 million worth of Pax Dollar was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed during the last 24 hours:

• IOTA (MIOTA) traded down 12.3% against the dollar and now trades at $0.30 or 0.00000327 BTC.
• Creditcoin (CTC) traded down 7.4% against the dollar and now trades at $1.00 or 0.00001103 BTC.
• Electroneum (ETN) traded 4.5% higher against the dollar and now trades at $0.0029 or 0.00000003 BTC.
• Verasity (VRA) traded down 9.1% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 4.4% lower against the dollar and now trades at $0.41 or 0.00000453 BTC.
• The Transfer Token (TTT) traded up 19.4% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• SOLVE (SOLVE) traded down 5.1% against the dollar and now trades at $0.0052 or 0.00000006 BTC.

Pax Dollar Profile

Pax Dollar (USDP) uses the hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 93,564,126 tokens. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. The official message board for Pax Dollar is medium.com/@paxosstandard. The official website for Pax Dollar 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”

Buying and Selling Pax Dollar

It is usually not presently 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 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