TechFlow news — Paxos has officially released the November transparency report for Pax Dollar (USDP). The unaudited financial data for USDP as of 06:00 Beijing time on December 1 includes the following key points:
1. Total Tokens Outstanding amounted to approximately $446,640,157, an increase of nearly $8 million compared to October;
2. The current market value of U.S. Treasury holdings was approximately $148 million;
3. The current market value of collateral in U.S. Treasury repurchase agreements (overnight maturity and over-collateralized) was about $112 million, with the notional value of pledged collateral approximately $110 million;
4. Cash deposits through the FDIC deposit network exceeded $185 million, with additional cash deposits at insured depository institutions totaling approximately $4.25 million.
Paxos stated that U.S. Treasury repurchase agreements are contractual arrangements between two parties, where one party agrees to sell securities to another at a specified price and commits to repurchase them later at another (typically higher) specified 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.
