PYUSD Transparency Monthly Report: Total Outstanding Tokens Exceed $9,400

ChainCatcher news, Paxos officially released the September PYUSD transparency report, which disclosed the unaudited data related to PYUSD as of September 30, 06:00 Beijing time, including: 1. Total Tokens Outstanding approximately $94,396,540; 2. Current market value of collateral in U.S. Treasury repurchase agreements $95,880,104, nominal position value $94,000,000; 3. Current market value of collateral in other cash deposits held by custodial institutions $579,526, nominal position value $579,526; 4. Current market value of collateral in total net assets $96,459,630, nominal position value $94,579,526;

U.S. Treasury repurchase agreements are contractual arrangements between two parties, where one party agrees to sell securities to the other at a specified price and promises to buy back the securities later at another (usually higher) specified price. If the counterparty defaults, Paxos can liquidate the U.S. Treasury collateral to cover the losses, and since all transactions are over-collateralized, the risk of loss is not considered significant.

PAL