PYUSD November Transparency Report: Total Outstanding Tokens Exceed $156 Million, Decreasing by Approximately 1.3% Month-over-Month

ChainCatcher message, Paxos released the November PYUSD transparency report, with unaudited data as of December 1st, 06:00 (UTC+8), including:

1. Total Tokens Outstanding of approximately $156,753,068, a decrease of about 1.3% from October's $158,956,937;

2. The current market value of collateral in U.S. Treasury reverse repurchase agreements is $160,590,905, with a nominal position value of $157,442,000;

3. The current market value of collateral in other cash deposits held at custodial deposit institutions is $1,178, with a nominal position value of $1,178;

4. The current market value of collateral in total net assets is $160,592,083, with a nominal position value of $157,443,178;

It is reported that U.S. Treasury reverse repurchase agreements are contractual arrangements between two parties, where one party agrees to sell securities to the other at a specified price and commits to repurchase the securities later at another (usually higher) specified price. If the counterparty defaults, Paxos can liquidate the U.S. Treasury collateral to cover the losses, and since all transactions are over-collateralized, the risk of loss is not considered significant.