Paxos released the USDP July third-party report, indicating that the supply did not exceed the redeemable amount

ChainCatcher message, Paxos published the USDP July third-party report released by Withum, which disclosed that the token supply of Pax Dollar (USDP) represented by the contract 0x8e870d6…89e1 on the Ethereum network is 114,706,089 tokens. Paxos holds cash and debt instrument assets that are fully backed by the trust and credit of the U.S. government in its U.S. regulated deposit institution accounts, with a fair value at least equal to or greater than 114,706,089 dollars. (The same applies to the Solana network token situation), and the USDP supply does not exceed the balance of redeemable assets and complies with the guidelines set by the New York regulatory agency NYDFS.