Paxos officially released the October PYUSD Transparency Report, which disclosed PYUSD related unaudited data as of 6:00 on November 1, Beijing time, including:
1. Total Tokens Outstanding is approximately US$158,956,937;
2. The current market value of the collateral in the U.S. Treasury collateralized reverse repurchase agreement is US$162,719,629, and the notional position value is US$159,529,000;
3. The current market value of the collateral held in other cash deposits at the insured depository institution is US$1,944, and the notional position value is US$1,944;
4. The current market value of the collateral in the total net assets is US$162,721,573, and the nominal position value is US$159,530,944;
A U.S. Treasury reverse repurchase agreement is a contractual arrangement between two parties in which one party agrees to sell a security to another party at a specified price and promises to buy the security back later at another (usually higher) specified price. If a counterparty defaults, Paxos is able to liquidate U.S. Treasury collateral to cover losses, and since all trades are overcollateralized, the risk of loss is not considered material.