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.

ChainCatcher news, according to Cointelegraph, a Paxos spokesperson stated that the recent decoupling of the stablecoin USDP was due to issues with pricing aggregators, rather than the protocol itself. These platforms obtain pricing data from trading platforms. Yesterday, the USDP price on certain trading platforms experienced significant fluctuations, affecting the price of USDP on pricing aggregators. Paxos does not control the market or trading activities of other trading platforms.

ChainCatcher message, Binance contracts will support FDUSD as a joint margin asset starting from March 8, 2024, at 17:00, and will stop supporting USDP as a joint margin asset on March 14, 2024, at 14:00 (UTC+8).Due to the above changes, the transfer limit for USDP under the joint margin mode has been updated to zero. After March 14, 2024, at 14:00, any remaining USDP balance in the U-based contract wallet will be automatically converted to USDT at a ratio of 1:1, and the conversion process will take approximately 24 hours. Please note: the conversion may not appear in the transaction history.

ChainCatcher news, stablecoin issuer Paxos announced on social media that the stablecoin USDP has officially launched on the Solana network.

ChainCatcher news, Paxos released the USDP transparency report for December 2023. As of December 29, 2023, Beijing time, it disclosed unaudited data related to USDP, including: 1. Total Tokens Outstanding of approximately $372,639,175, a decrease of about $74 million from November, a decline of nearly 20%; 2. Market value of U.S. Treasury bonds of approximately $181 million, etc.

Chain Catcher News: Starting from September 29, Binance will convert the existing balances and new deposits of stablecoins USDC, USDP, and TUSD into its own stablecoin BUSD. In addition, it will terminate the trading pairs of these three stablecoins with BUSD and Tether (USDT), as well as major cryptocurrencies like BTC and ETH. JPMorgan believes this decision will increase the importance of Tether in crypto trading.Over the past 18 months, Tether's market share in the stablecoin ecosystem has been declining. After the collapse of Terra in May, most of the market share of TerraUSD (the stablecoin of the Terra blockchain) seems to have been taken over by USDC and BUSD rather than Tether. (The Block)