Paxos September 2024 PYUSD Transparency Report Reveals Key Insights

Paxos September 2024 PYUSD Transparency Report: Key Insights

According to the latest information from PANews, Paxos has published its transparency report for PYUSD as of September 2024. The report includes unaudited data as of August 31, 2024, at 05:00 UTC+8, providing stakeholders a comprehensive overview of the current standing of PYUSD and its underlying assets.

Overview of Total Tokens Outstanding

The report indicates that the total tokens outstanding for PYUSD have decreased, now reaching $709,794,225. This change reflects ongoing market dynamics and the operational strategies of Paxos.

Market Value of Collateral Assets

In examining the collateral supporting PYUSD, a detailed breakdown reveals the following:

• U.S. Treasury Securities: The market value stands at approximately $111,598,980, while the nominal position value is around $110,718,542.
• U.S. Treasury Reverse Repurchase Agreements: The current market value is about $585,329,040, with a nominal position value of approximately $573,852,000.
• Cash Deposits: The market value of cash deposits is currently $23,224,383, which also mirrors the nominal position value.

Total Net Assets Collateral

Combining these figures, the total net assets' collateral market value is estimated at $720,152,403, corresponding to a nominal position value of about $707,794,925. These values highlight the robust backing of PYUSD, reassuring users and investors regarding its stability.

Conclusion

In summary, the September 2024 transparency report from Paxos reveals valuable insights into PYUSD's current market position and the integrity of its collateral. By maintaining transparency, Paxos continues to foster trust and confidence in its stablecoin offerings, providing stakeholders essential information to navigate the evolving digital asset landscape.