According to PANews, Paxos has released its November 2024 transparency report for the stablecoin PYUSD, providing unaudited data as of November 30, 2024, at 6:00 UTC+8. The report reveals several key financial metrics related to the stablecoin's performance and backing.
The total tokens outstanding for PYUSD have decreased, with the current circulation valued at approximately $539,827,757. This marks a continued decline in the total tokens available in the market. The report also details the collateral backing the stablecoin, specifically focusing on U.S. Treasury reverse repurchase agreements. The current market value of the collateral in these agreements is approximately $450,079,080, with a nominal position value of about $441,254,000.
In addition to the Treasury-backed assets, the report highlights the cash deposits held as collateral. The current market value and nominal position value of these cash deposits are both approximately $26,268,777. Overall, the total net assets backing PYUSD are reported with a current market value of $551,139,357 and a nominal position value of $542,257,944. This comprehensive disclosure aims to provide transparency and assurance regarding the stablecoin's financial health and backing.