Paxos October PYUSD Transparency Report: Total token circulation drops to about 570 million US dollars
On November 9, Paxos officially released the transparency report for the stablecoin PYUSD in October 2024, disclosing unaudited data as of 5 PM Eastern Time on October 31, 2024. The main points include:
1. The total outstanding tokens decreased to $570,851,729;
2. The current market value of collateral in U.S. Treasury bonds is approximately $79,829,400 with a nominal position value of about $79,247,783;
3. In reverse repurchase agreements backed by U.S. Treasury bonds, the current market value of collateral is approximately $485,762,760 with a nominal position value around $476,238,000;
4. For cash deposits used as collateral their current market value and nominal position values are both estimated at about $18,193170;
5.The total net assets' current market value stands at around $583785330 while its nominal position worth is roughly valued at about $573679952.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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