According to Odaily, Paxos has released its June transparency report for the stablecoin Pax Dollar (USDP). The report, which includes unaudited financial data as of 5:00 AM Beijing time on June 29, reveals several key figures regarding the stablecoin's financial status.
The total tokens outstanding for USDP amount to approximately $121,706,620. The report also details the collateral provided through U.S. Treasury reverse repurchase agreements, with the current market value of the collateral standing at $8,877,060 and the nominal position value at $8,703,000.
Additionally, the report highlights cash deposits through the FDIC deposit network, totaling around $110,479,160. Other cash deposits held by custodial institutions amount to approximately $3,105,360. The total net assets' collateral provided has a current market value of $122,461,580, with a nominal position value of $122,287,520.