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Paxos releases PYUSD transparency report for December: total outstanding tokens exceed $264 million, a month-on-month increase of approximately 68.7%

According to a report released by Paxos in December, PYUSD transparency report revealed unaudited data related to PYUSD as of December 30, 2023 at 06:00 Beijing time, including:

1. The total outstanding amount of unpaid tokens is approximately $264,531,846 (an increase of approximately 68.7% compared to November's $156,753,068);

2. The current market value of the collateral in the U.S. Treasury reverse repurchase agreement is $270,270,484, with a nominal position value of $264,971,000;

3. The current market value of the collateral in other cash deposits held by the custodian is $461,408, with a nominal position value of $461,408;

4. The current market value of the collateral in the total net assets is $270,731,892, with a nominal position value of $265,432,408.

Paxos stated that the U.S. Treasury reverse repurchase agreement is a contractual arrangement between two parties, in which one party agrees to sell securities to the other party at a specified price and promises to buy back the securities at another (usually higher) specified price later. If the counterparty defaults, Paxos can liquidate the collateral of U.S. Treasury securities to make up for the loss. Since all trades are over-collateralized, the risk of loss is not considered significant.

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