Paxos Releases PYUSD Verification Report: Total Circulation Exceeds 2.6 Billion, a Record High, Up 125.5% from August

Source: odaily14 hour ago

Paxos has released an assurance report on its PYUSD stablecoin, issued by KPMG, one of the "Big Four" accounting firms. The report reveals that as of October 15th, the total outstanding PYUSD tokens reached a record high of 2,638,336,904. The notional value of redeemable collateral in total net assets is $2,652,728,424, exceeding the total outstanding PYUSD tokens. Paxos reportedly did not release its September assurance report, but in August, it reported a total outstanding PYUSD token of 1,169,714,720, representing a 125.5% increase in the past two months.

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