Paxos releases USDP transparency report for February, total circulation exceeds US$203 million

Paxos released the Pax Dollar (USDP) February Transparency Report, which disclosed the unaudited financial data of USDP as of 06:00 on March 1, Beijing time, mainly including: 1. Total Tokens Outstanding is approximately US$203,051,111; 2. The total current market value of the collateral provided by the U.S. Treasury collateralized reverse repurchase agreement is $36,445,732, with a notional position value of $35,731,000; 3. $160,764,519 in cash deposits through the FDIC depository network and approximately $160,764,519 in other cash deposits with insured depository institutions; 4. The current market value of the collateral provided is $205,455,605 for total net assets and the notional position value is $204,739,757.