Paxos releases stablecoin USDP April report: total outstanding tokens are approximately $148 million

Odaily News Paxos officially released the April transparency report of the stablecoin Pax Dollar (USDP), which disclosed the unaudited financial data of USDP as of 05:00 Beijing time on May 1, mainly including: 1. The total amount of outstanding tokens (Total Tokens Outstanding) is approximately US$148,503,536; 2. The current market value of the total collateral provided by U.S. Treasury bond-collateralized reverse repurchase agreements is US$34,223,040, and the nominal position value is US$33,552,000; 3. Cash deposits through the FDIC deposit network are US$110,503,693, and other cash deposits in insured depository institutions are approximately US$5,049,428; 4. The current market value of the collateral provided for the total net assets is US$149,776,161, and the nominal position value is US$149,105,121.