Paxos, the issuer of this stablecoin and a partner of payments giant Paypal, has made public a transparency report concerning PYUSD’s reserves. According to the update, PYUSD is fully collateralized by U.S. Treasury notes and cash reserves. As of August 31, 2023, $45.36 million supports PYUSD, which has a notional value of approximately $44.50 million. Paxos’ repurchase agreements are characterized by “overnight maturity with reputable financial institutions and over-collateralization with U.S. Treasuries,” as highlighted in the update. The report states that out of the total, $43.86 million is collateralized by Treasury notes, and $1.5 million is collateralized with cash reserves.
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Mkt Cap $2.30T
BTC Dom 56.76 %
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ETH
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SOL
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FIGR_HELOC
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USDS
$0.9999
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RAIN
$0.01271
▲ +1.30%
LEO
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▼ -0.50%
ZEC
$505.38
▲ +0.50%
ADA
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▲ +0.40%
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WBT
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LINK
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▲ +1.40%
XLM
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▲ +1.60%
DAI
$0.999859
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BCH
$216.07
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USD1
$0.999931
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USDE
$0.999743
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GRAM
$1.35
▲ +1.50%
Mkt Cap $2.30T
BTC Dom 56.76 %
BTC
$64,957.00
▲ +1.20%
ETH
$1,916.17
▲ +1.00%
USDT
$0.999523
▲ +0.00%
BNB
$594.29
▲ +1.00%
USDC
$0.99974
▲ +0.00%
XRP
$1.04
▲ +1.10%
SOL
$74.70
▲ +2.60%
TRX
$0.32743
▲ +0.10%
FIGR_HELOC
$1.01
▼ -1.20%
HYPE
$54.40
▼ -1.50%
DOGE
$0.0703
▲ +1.70%
USDS
$0.9999
▲ +0.00%
RAIN
$0.01271
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$505.38
▲ +0.50%
ADA
$0.199762
▲ +0.40%
XMR
$380.39
▲ +3.10%
WBT
$56.14
▲ +1.10%
LINK
$8.26
▲ +1.40%
XLM
$0.162952
▲ +1.60%
DAI
$0.999859
▲ +0.00%
BCH
$216.07
▲ +1.30%
USD1
$0.999931
▲ +0.00%
USDE
$0.999743
▲ +0.00%
GRAM
$1.35
▲ +1.50%
BTC
$64,957.00
▲ +1.20%
ETH
$1,916.17
▲ +1.00%
USDT
$0.999523
▲ +0.00%
BNB
$594.29
▲ +1.00%
USDC
$0.99974
▲ +0.00%
XRP
$1.04
▲ +1.10%
SOL
$74.70
▲ +2.60%
TRX
$0.32743
▲ +0.10%
FIGR_HELOC
$1.01
▼ -1.20%
HYPE
$54.40
▼ -1.50%
DOGE
$0.0703
▲ +1.70%
USDS
$0.9999
▲ +0.00%
RAIN
$0.01271
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$505.38
▲ +0.50%
ADA
$0.199762
▲ +0.40%
XMR
$380.39
▲ +3.10%
WBT
$56.14
▲ +1.10%
LINK
$8.26
▲ +1.40%
XLM
$0.162952
▲ +1.60%
DAI
$0.999859
▲ +0.00%
BCH
$216.07
▲ +1.30%
USD1
$0.999931
▲ +0.00%
USDE
$0.999743
▲ +0.00%
GRAM
$1.35
▲ +1.50%
Mkt Cap $2.30T
BTC Dom 56.76 %
BTC
$64,957.00
▲ +1.20%
ETH
$1,916.17
▲ +1.00%
USDT
$0.999523
▲ +0.00%
BNB
$594.29
▲ +1.00%
USDC
$0.99974
▲ +0.00%
XRP
$1.04
▲ +1.10%
SOL
$74.70
▲ +2.60%
TRX
$0.32743
▲ +0.10%
FIGR_HELOC
$1.01
▼ -1.20%
HYPE
$54.40
▼ -1.50%
DOGE
$0.0703
▲ +1.70%
USDS
$0.9999
▲ +0.00%
RAIN
$0.01271
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$505.38
▲ +0.50%
ADA
$0.199762
▲ +0.40%
XMR
$380.39
▲ +3.10%
WBT
$56.14
▲ +1.10%
LINK
$8.26
▲ +1.40%
XLM
$0.162952
▲ +1.60%
DAI
$0.999859
▲ +0.00%
BCH
$216.07
▲ +1.30%
USD1
$0.999931
▲ +0.00%
USDE
$0.999743
▲ +0.00%
GRAM
$1.35
▲ +1.50%
