Pax Dollar (USDP) Reaches One Day Volume of $14.97 Million

Pax Dollar (USDP) traded flat against the U.S. dollar during the 24-hour period ending at 8:00 AM E.T. on May 23rd. One Pax Dollar coin can now be bought for about $1.00 or 0.00001644 BTC on exchanges. Pax Dollar has a total market cap of $945.69 million and $14.97 million worth of Pax Dollar was traded on exchanges in the last day. In the last week, Pax Dollar has traded flat against the U.S. dollar.

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

  • Arweave (AR) traded 4% higher against the dollar and now trades at $16.29 or 0.00053429 BTC.
  • The Transfer Token (TTT) traded up 2.7% against the dollar and now trades at $3.57 or 0.00011697 BTC.
  • Carry (CRE) traded 1.2% lower against the dollar and now trades at $0.0058 or 0.00000019 BTC.
  • SOLVE (SOLVE) traded down 0.1% against the dollar and now trades at $0.0407 or 0.00000133 BTC.
  • Gamestarter (GAME) traded up 2.6% against the dollar and now trades at $0.21 or 0.00000692 BTC.
  • Witnet (WIT) traded up 0.9% against the dollar and now trades at $0.0092 or 0.00000032 BTC.
  • HoryouToken (HYT) traded flat against the dollar and now trades at $0.0052 or 0.00000013 BTC.
  • HalalChain (HLC) traded flat against the dollar and now trades at $0.0074 or 0.00000018 BTC.
  • Ripio Credit Network (RCN) traded up 2.1% against the dollar and now trades at $0.0044 or 0.00000015 BTC.
  • Project Pai (PAI) traded down 3.5% against the dollar and now trades at $0.0013 or 0.00000004 BTC.

About Pax Dollar

Pax Dollar (CRYPTO:USDP) is a proof-of-work (PoW) coin that uses the ETH Token hashing algorithm. Its launch date was September 10th, 2018. Pax Dollar’s total supply is 945,642,940 coins. Pax Dollar’s official Twitter account is @coingecko and its Facebook page is accessible here.

According to CryptoCompare, “Paxos Standard (PAX) 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 PAX 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 Coin Trading

It is usually not currently 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 Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Pax Dollar using one of the aforementioned exchanges.

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