Pax Dollar Price Down 0.1% This Week (USDP)

Pax Dollar (USDP) traded down 0% against the US dollar during the twenty-four hour period ending at 11:00 AM Eastern on January 24th. One Pax Dollar token can now be bought for $1.00 or 0.00001117 BTC on cryptocurrency exchanges. Pax Dollar has a total market capitalization of $47.49 million and approximately $665.31 thousand worth of Pax Dollar was traded on exchanges in the last day. In the last seven days, Pax Dollar has traded down 0.1% against the US dollar.

Here’s how other cryptocurrencies have performed in the last day:

• IOTA (MIOTA) traded 1.5% lower against the dollar and now trades at $0.0880 or 0.00000098 BTC.
• Creditcoin (CTC) traded 4.8% higher against the dollar and now trades at $0.28 or 0.00000313 BTC.
• Electroneum (ETN) traded 2.3% higher against the dollar and now trades at $0.0013 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.
• Verasity (VRA) traded up 7.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Meter Governance (MTRG) traded up 5.4% against the dollar and now trades at $0.0342 or 0.00000038 BTC.
• SOLVE (SOLVE) traded 0.2% higher against the dollar and now trades at $0.0002 or 0.00000000 BTC.

Pax Dollar Token Profile

USDP uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 47,569,455 tokens. The official message board for Pax Dollar is medium.com/@paxosstandard. The official website for Pax Dollar is www.paxos.com/usdp. Pax Dollar’s official Twitter account is @paxos 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 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 GDAX, Gemini or Coinbase. 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