🚀 Paxos Releases August 2024 PYUSD Transparency Report
#Paxos #PYUSD #TransparencyReport #FinancialMetrics #USTreasury #ReverseRepurchaseAgreements #CashDeposits #TotalTokens #MarketValue #NetAssets
According to Odaily, Paxos has released its August 2024 PYUSD Transparency Report, providing unaudited data as of 05:00 UTC+8 on September 1, 2024. The report reveals several key financial metrics for PYUSD, including the total tokens outstanding, the market value of collateral in U.S. Treasury securities, reverse repurchase agreements, and cash deposits.
The total tokens outstanding for PYUSD reached $908,164,708. The current market value of collateral in U.S. Treasury securities stands at approximately $149,017,480, with a nominal position value of around $148,342,340. Additionally, the market value of collateral in U.S. Treasury reverse repurchase agreements is about $619,324,620, with a nominal position value of approximately $607,181,000.
Furthermore, the current market value of cash deposits is reported to be $156,006,044, matching its nominal position value. The total net assets' collateral market value is approximately $924,348,144, with a nominal position value of around $911,529,384.#Paxos #PYUSD #TransparencyReport #FinancialMetrics #USTreasury #ReverseRepurchaseAgreements #CashDeposits #TotalTokens #MarketValue #NetAssets
🚀 Circle Reports Significant USDC Circulation Reduction
#Circle #USDC #stablecoin #PANews #cryptocurrency #circulation #reserves #TreasurySecurities #reverseRepurchaseAgreements #financialInstitutions #bankDeposits
Circle has reported a notable decrease in the circulation of its USDC stablecoin over the past week. According to PANews, official data indicates that between January 23 and January 29, Circle issued approximately 5.2 billion USDC and redeemed around 8.6 billion USDC, resulting in a net circulation reduction of about 3.4 billion USDC. The total circulation of USDC now stands at 70.2 billion.
Circle's reserves are approximately 70.3 billion USD, comprising overnight reverse repurchase agreements in U.S. Treasury securities worth about 41.2 billion USD, Treasury bills with maturities under three months totaling around 18.8 billion USD, deposits in systemically important financial institutions amounting to approximately 9.4 billion USD, and other bank deposits of about 1 billion USD.#Circle #USDC #stablecoin #PANews #cryptocurrency #circulation #reserves #TreasurySecurities #reverseRepurchaseAgreements #financialInstitutions #bankDeposits