Pax Dollar Reaches Market Capitalization of $945.69 Million (USDP)

Pax Dollar (USDP) traded flat against the dollar during the one day period ending at 11:00 AM E.T. on June 23rd. Over the last seven days, Pax Dollar has traded flat against the dollar. Pax Dollar has a market capitalization of $945.69 million and approximately $14.97 million worth of Pax Dollar was traded on exchanges in the last 24 hours. One Pax Dollar coin can now be purchased for $1.00 or 0.00001644 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last 24 hours:

  • Arweave (AR) traded 2.2% higher against the dollar and now trades at $9.45 or 0.00045993 BTC.
  • The Transfer Token (TTT) traded 0.1% lower against the dollar and now trades at $2.86 or 0.00013920 BTC.
  • Carry (CRE) traded up 1.5% against the dollar and now trades at $0.0043 or 0.00000021 BTC.
  • SOLVE (SOLVE) traded 15.6% higher against the dollar and now trades at $0.0320 or 0.00000156 BTC.
  • Gamestarter (GAME) traded up 1.1% against the dollar and now trades at $0.18 or 0.00000886 BTC.
  • HoryouToken (HYT) traded flat against the dollar and now trades at $0.0052 or 0.00000013 BTC.
  • Witnet (WIT) traded 1.7% higher against the dollar and now trades at $0.0042 or 0.00000021 BTC.
  • HalalChain (HLC) traded flat against the dollar and now trades at $0.0074 or 0.00000018 BTC.
  • Ripio Credit Network (RCN) traded up 10.1% against the dollar and now trades at $0.0034 or 0.00000016 BTC.
  • Project Pai (PAI) traded 9.5% lower against the dollar and now trades at $0.0010 or 0.00000005 BTC.

Pax Dollar Profile

Pax Dollar is a proof-of-work (PoW) coin that uses the ETH Token hashing algorithm. It was first traded on 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 presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using U.S. dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the exchanges listed above.

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