Stablecoin

PayPal USD

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/paypal-usd-stablecoin-transparency-report-released" data-wpel-link="internal" rel="noopener noreferrer nofollow">PayPal USD Stablecoin Transparency Report Released</a><br></p>
<p style="text-align: justify">Paxos has issued its latest transparency report concerning the PayPal USD (PYUSD) stablecoin, revealing key financial insights as of August 31, 2024. This report highlights the secure reserves backing the stablecoin while noting a reduction in its total <a href="https://en.bitcoinhaber.net/pepe-experiences-major-price-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> supply.</p>
<h2 style="text-align: justify" id="strong-what-does-the-current-circulating-supply-indicate-strong"><strong>What Does the Current Circulating Supply Indicate?</strong></h2>
<p style="text-align: justify">Currently, there are approximately $709.79 million worth of PYUSD circulating in the market. Paxos confirmed that the entire supply of PYUSD tokens is fully supported by corresponding assets. The report details a decline in the circulating supply, a trend experts believe is influenced by prevailing market conditions.</p>
<h2 style="text-align: justify" id="strong-how-are-assets-allocated-within-pyusd-reserves-strong"><strong>How Are Assets Allocated Within PYUSD Reserves?</strong></h2>
<p style="text-align: justify">Paxos’ report discloses an asset distribution comprising US Treasury bonds valued at $111.59 million and US Treasury repurchase agreements totaling $585.32 million. These financial instruments are collateralized and can be liquidated in the event of a default. Additionally, the reserves include $23.22 million in cash, partially insured by the FDIC.</p>
<p style="text-align: justify">This transparency report confirms several critical points:</p>
<ul>
 <li>The total market value of PYUSD’s assets stands at $720.15 million.</li>
 <li>PayPal is committed to maintaining transparency around PYUSD’s reserve structure.</li>
 <li>The collateralized assets provide stability for users amid market fluctuations.</li>
</ul>
<p style="text-align: justify">As PayPal continues to uphold its transparent policies regarding PYUSD, the stablecoin appears to have a robust reserve framework. This stands in contrast to ongoing scrutiny surrounding the transparency of other stablecoins, such as <a href="https://en.bitcoinhaber.net/tether-advances-into-ai-with-talent-recruitment-and-open-source-models" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tether</a>‘s <a href="https://en.bitcoinhaber.net/tether-takes-decisive-steps-freezing-wallets-linked-to-sanctioned-individuals" data-wpel-link="internal" rel="noopener noreferrer nofollow">USDT</a>, which faces continual market concerns.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/paypal-usd-stablecoin-transparency-report-released" data-wpel-link="internal" rel="noopener noreferrer nofollow">PayPal USD Stablecoin Transparency Report Released</a></h5>

PayPal USD Stablecoin Transparency Report Released

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