Paxos releases May report on stablecoin USDP: Total outstanding tokens approach $146 million

Odaily News Paxos officially released the May transparency report of the stablecoin Pax Dollar (USDP), which disclosed the unaudited financial data of USDP as of 05:00 Beijing time on June 1, mainly including: 1. The total amount of outstanding tokens (Total Tokens Outstanding) is approximately US$145,982,340; 2. The current market value of the total collateral provided by the U.S. Treasury bond-collateralized reverse repurchase agreement is US$33,734,460, and the nominal position value is US$33,073,000; 3. The current market value of the collateral provided for the total net assets is US$147,279,616, and the nominal position value is US$146,618,156.