Paxos Releases 2024 PYUSD Transparency Report

According to Odaily, Paxos has released its December 2024 transparency report for the stablecoin PYUSD, revealing unaudited data related to the digital currency. The report highlights several key financial metrics: the total tokens outstanding have decreased to $497,959,719. Additionally, the current market value of collateral in U.S. Treasury reverse repurchase agreements stands at approximately $487,993,500, with a nominal position value of about $478,425,000. The market value of collateral in cash deposits is approximately $21,401,062, matching its nominal position value. Overall, the total net asset collateral has a current market value of $509,394,562, with a nominal position value of $499,826,062.