TechFlow news: Paxos has officially released its September PYUSD transparency report, disclosing unaudited data as of 06:00 Beijing time on September 30, including:
- Total tokens outstanding amounting to approximately $94,396,540;
- Current market value of collateral held in U.S. Treasury repo agreements at $95,880,104, with a notional position value of $94,000,000;
- Current market value of collateral held in other cash deposits with custodians at $579,526, with a notional position value of $579,526;
- Current market value of total collateral backing net assets at $96,459,630, with a notional position value of $94,579,526.
A U.S. Treasury reverse repurchase agreement is a bilateral contract in which one party agrees to sell securities to another party at an agreed price and commits to repurchase them later at another (typically higher) agreed price. In the event of counterparty default, Paxos can liquidate the U.S. Treasury collateral to cover losses. Since all transactions are over-collateralized, the risk of loss is not considered significant.
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