TechFlow news: Paxos has officially released the January 2024 transparency report for PYUSD.
As of February 1, 2024, 06:00 Beijing time, the total outstanding token amount for PYUSD exceeded $301 million, an increase of approximately 13.8% compared to the previous month. Currently, the market value of collateral held in U.S. Treasury reverse repurchase agreements amounts to approximately $303 million, with a nominal position value of about $297.5 million.
The market value and nominal position value of collateral held in other cash deposits at custodial depository institutions are both $1,516.
The current market value of collateral in total net assets is approximately $308 million, with a nominal position value of about $302 million.
Paxos stated that U.S. Treasury reverse repurchase agreements are bilateral contractual arrangements designed to reduce transaction risk.
