Paxos releases October PYUSD transparency report: total token circulation drops to approximately $570 million

Paxos has released its transparency report for its stablecoin PYUSD in October 2024, disclosing unaudited data related to PYUSD as of 5:00 AM on November 1, 2024 Beijing time, including:

1. Total Tokens Outstanding decreased to $570,851,729;

2. The current market value of the collateral in US Treasury bonds is approximately $79,829,400, with a nominal position value of approximately $79,247,783;

3. The current market value of the collateral in reverse repurchase agreements of US Treasury bonds is approximately $485,762,760, with a nominal position value of approximately $476,238,000;

4. The current market value of the collateral in cash deposits is approximately $18,193,170, with a nominal position value of approximately $18,193,170;

5. The current market value of the collateral in total net assets is $583,785,330, with a nominal position value of $573,679,952.