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👀 PYUSD stablecoin is 100% backed: Paxos transparency report The total assets held in PayPal USD custody “meet or excee…
👀 PYUSD stablecoin is 100% backed: Paxos transparency report
The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states. 📄
The biggest share of PYUSD assets is backed by the U.S. Treasury reverse repurchase agreements held in custody by Paxos for the benefit of PYUSD holders. 💰
