Odaily Planet Daily News According to the September Pax Dollar (USDP) transparency report released by Paxos, the unaudited data of USDP as of 5:00 Beijing time on September 30, including: 1. The total amount of outstanding (Total Tokens Outstanding) is US$486,062,949; 2. The current market value of U.S. Treasury bonds is US$124,531,000, and the nominal position value is US$124,369,913; 3. The current market value of collateral in U.S. Treasury reverse repurchase agreements (overnight maturity and over-collateralization) is US$178,500,047, and the nominal position value is US$175,000,000; 4. The current market value of collateral in cash deposits through the FDIC deposit network is US$185,500,000, and the current market value of collateral in other cash deposits of insured depository institutions is US$2,401,735, totaling US$187,901,735. Paxos said that a U.S. Treasury reverse repurchase agreement is a contractual arrangement between two parties in which one party agrees to sell securities to the other at a specified price and promises to buy back the securities at another (usually higher) specified price later. If the counterparty defaults, Paxos is able to liquidate the U.S. Treasury collateral to make up for the loss. Since all transactions are over-collateralized, the risk of loss is not considered significant. Earlier news, according to the PayPal U.S. dollar stablecoin PYUSD transparency report released by Paxos, as of September 29, 2023, the total amount of PYUSD tokens in circulation was US$94,396,540.