Paxos releases USDP stablecoin May report: The total amount of outstanding tokens is approximately 145 million U.S. dollars

Paxos officially released the Pax Dollar (USDP) transparency report for May, which disclosed unaudited financial data of USDP as of 05:00 on June 1 Beijing time, mainly including:

1. The total amount of outstanding tokens is approximately $145,982,340;

2. The current market value of collateral provided by the total amount of U.S. Treasury repurchase agreements is $33,734,460 and the nominal position value is $33,073,000;

3. Cash deposits through FDIC deposit network are about $110,495,008 and other cash deposits held by deposit institutions are about $3,049,149;

4. The current market value of collateral provided by total net assets is $147279616 and the nominal position value is $146618156.